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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Hungary : € 120,000,000
    Energy : € 120,000,000
    Signature date(s)
    29/09/2020 : € 120,000,000
    Link to source

    Summary sheet

    Release date
    13 March 2020
    Status
    Reference
    Signed | 29/09/2020
    20190761
    Project name
    Promoter - financial intermediary
    MVM DISTRIBUTION NETWORK UPGRADE
    NKM ARAMHALOZATI KFT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 120 million
    EUR 160 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of an investment programme including schemes for the reinforcement and modernisation of the electricity distribution network in South-East Hungary.

    The programme encompasses several high, medium and low voltage electricity distribution schemes, including the deployment of smart meters and components for network automation. This will enable the promoter to maintain high quality of services and low losses across its electricity distribution network.

    Environmental aspects
    Procurement

    The project includes schemes that fall under Annex II of Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU, thus requiring a review by the competent authorities at the permitting stage, with regards to the necessity for environmental and biodiversity assessments. The impacts that can typically be expected from some schemes relate to visual impact, vegetation clearance, collision and electrocution of flying vertebrates, electromagnetic fields, noise nuisance, and disturbance during construction.

    The promoter has to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation.

    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) - MVM DISTRIBUTION NETWORK UPGRADE
    Publication Date
    23 Jul 2020
    Document language
    Main Topic
    Lending
    Document Number
    130310677
    Document Focus
    Environmental Information
    Project Number
    20190761
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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