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Signature(s)

Amount
€ 550,000,000
Countries
Sector(s)
Belgium : € 550,000,000
Energy : € 550,000,000
Signature date(s)
15/03/2018 : € 250,000,000
1/12/2017 : € 300,000,000

Summary sheet

Release date
21 August 2017
Status
Reference
Signed | 01/12/2017
20170343
Project name
Promoter - financial intermediary
WALLOON REGION ENERGY GRIDS UPGRADE (ORES)
ORES ASSETS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 550 million
EUR 1226 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The operation involves a EUR 550m loan to ORES, the distribution service operator for electricity and gas networks covering 75% of the Walloon region in Belgium. ORES will invest over EUR 1.15bn in the period 2018-2022 to upgrade and extend its gas and electricity networks.

In addition to maintaining current gas and electricity network security standards in compliance with the latest regulation, the project is expected to result in an overall increase of reliability and to enable the connection of additional renewable generation capacity. Eventually, the project is expected to contribute to growth and employment in the region.

Environmental aspects
Procurement

The project includes facilities that fall under Annex II of the EIA Directive (2011/92/EU), which requires the competent national authority to determine the need for an Environmental Impact Assessment (EIA). The impacts that can be typically expected for some schemes relate to visual impact, impact on flying vertebrates, electromagnetic fields, noise nuisance, and disturbances during construction, as well as the possible impacts on protected fauna and flora (Habitats 92/43/EC and Birds 2009/147/EC).

The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directives 2014/23/EU, 2014/24/EU and/or 2014/25/EU, where applicable, as well as Directives 92/13/EEC (amended 2007/66/EU) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - WALLOON REGION ENERGY GRIDS UPGRADE (ORES)
Publication Date
15 Jan 2018
Document language
Main Topic
Lending
Document Number
78548462
Document Focus
Environmental Information
Project Number
20170343
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - WALLOON REGION ENERGY GRIDS UPGRADE (ORES)
Publication Date
30 Dec 2024
Document language
Main Topic
Lending
Document Number
189534195
Document Focus
Environmental Information
Project Number
20170343
Sector(s)
Regions
Countries
Publicly available
Download now

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