Release date: 22 March 2002
Promoter – Financial Intermediary
Scottish and Southern Energy
Inveralmond House
200 Dunkeld Road
Perth
Perthshire PH1 3HQ
Contact point: G. Alexander
Location
Description
The project comprises the refurbishment and upgrade of several small and medium-scale hydro-electric plants and the installation of several wind farms in various locations in Scotland, with a combined capacity of up to approximately 540 MWe. The plants are expected to be commissioned in the period 2002-2006.
Objectives
The refurbishment and development of renewable energy capacity, using indigenous sources of energy, will support UK and European targets for renewable energy generation and abatement of CO2 emissions.
Comments
Electricity
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 100 mio
Total cost (Approximate amount)
Estimated to be in the region of GBP 300m for the period 2002-2006
Environmental aspects
The schemes included in the project fall under Annex II of Directive 97/11/EC. Environmental Impact Assessment (EIA) procedures are carried out where required by the competent authorities and mitigating measures are applied as appropriate. The promoter operates in accordance with an environmental management plan certified to ISO 14001.
Procurement
Contracts for wind farm construction and refurbishment of hydro-electric plants are tendered on a competitive basis following pre-qualification of contractors, with notices placed in the Official Journal of the European Communities as appropriate.
Status
Signed - 24/06/2002
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).