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Signature(s)

Amount
€ 32,500,000
Countries
Sector(s)
Germany : € 3,250,000
Spain : € 29,250,000
Industry : € 32,500,000
Signature date(s)
23/07/2018 : € 3,250,000
23/07/2018 : € 29,250,000
Link to source

Summary sheet

Release date
14 March 2018
Status
Reference
Signed | 23/07/2018
20180009
Project name
Promoter - financial intermediary
VELATIA RDI & INVESTMENTS
MAIRANA XXI SL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 32 million
EUR 88 million
Location
Sector(s)
Description
Objectives

The project covers the promoter's investment inside the EU in the period 2018 – 2020 and is composed by its research, development and innovation (RDI) activities, capital expenditures and working capital.

The investments are mainly targeting the promoter's innovation activities in the area of power transmission and distribution. The objective is to further improve the efficiency and environmental sustainability of electric energy grids, supported by a higher degree of automation and digitalisation. Some of the investments are also dedicated to the promoter's operational needs for new equipment and working capital.

Environmental aspects
Procurement

The project activities will be carried out in existing facilities that will not change their already authorised scope due to the project. Hence, there are no significant negative environmental impacts expected. Environmental aspects will be assed in detail during the appraisal.

The promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. It is thus not subject to EU rules on public procurement.

Related projects
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) - VELATIA RDI & INVESTMENTS
Publication Date
18 Jul 2018
Document language
Main Topic
Lending
Document Number
83490671
Document Focus
Environmental Information
Project Number
20180009
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - VELATIA RDI & INVESTMENTS
Publication Date
25 Dec 2021
Document language
Main Topic
Lending
Document Number
151338238
Document Focus
Environmental Information
Project Number
20180009
Sector(s)
Regions
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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