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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Poland : € 150,000,000
Energy : € 150,000,000
Signature date(s)
16/12/2021 : € 150,000,000
Link to source

Summary sheet

Release date
25 October 2021
Status
Reference
Signed | 16/12/2021
20210011
Project name
Promoter - financial intermediary
ENERGA ELECTRICITY DISTRIBUTION
ENERGA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 906 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The programme concerns investment schemes in the electricity distribution network of northern and central Poland over the period 2021-2023. The programme includes the construction of new distribution assets, modernisation of the existing network, and installation of smart meters and other smart grid components.

The programme will allow the Promoter to connect new users, including renewable generation, as well as to maintain or improve the reliability and quality standards of electricity supply.

Additionality and Impact

The program comprises the reinforcement and modernisation of the electricity distribution network in Poland, consistently with the country's National Energy and Climate Plan and in alignment with EIB public policy goals.


The programme schemes are located in eight regions in the country, all comprising Cohesion Priority Regions. The programme helps addressing market failures linked to negative climate and environmental externalities (by enabling the future integration of renewable generation, while also contributing to the electrification of the economy) as well as improving security of supply, a public good. The project's results and quality are deemed good in terms of economic welfare by virtue of the benefits it generates, as well as from a governance perspective. It is also deemed to created additional employment.


With this loan, the Counterpart receives significant added value from the Bank, in the context of the scarcity of attractively priced, PLN-denominated funding with similar long maturities available on the Polish market.

Environmental aspects
Procurement

Some programme schemes may fall under Annex II of Directive 2014/52/EU, amending the EIA Directive 2011/92/EU thus requiring a review by the competent authorities at the planning/consent stage with due regard to the necessity for environmental and biodiversity impact and appropriate assessments.

The Bank will require the Promoter to ensure that contracts for implementation of the project have been and shall be tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC 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.

Comments

N/A

Link to source
Other links

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) - ENERGA ELECTRICITY DISTRIBUTION
Publication Date
7 Dec 2021
Document language
Main Topic
Lending
Document Number
142745439
Document Focus
Environmental Information
Project Number
20210011
Sector(s)
Regions
Countries
Publicly available
Download now

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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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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