Release date: 29 April 2002
Promoter – Financial Intermediary
Red Eléctrica de España, S.A.Location
Description
The project consists of a range of measures for expanding and reinforcing the promoter's electricity transmission network.
Objectives
The project comprises a large number of geographically dispersed schemes on the Spanish transmission network throughout the country. The capacity being added over the two-year period includes high voltage substations, overhead lines and underground cables. Approximately 50% of the investments will benefit Objective 1 Assisted Areas, the remaining being located in Objective 2 Assisted Areas (40%) and non-assisted areas (10%).
Comments
Electricity transmission
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 40% of project cost
Total cost (Approximate amount)
Approximately EUR 500 mio
Environmental aspects
The promoter is expected to follow the EU directive concerning preparation of Environmental Impact Assessments. In this project, it is possible that some schemes fall under Annex I of the EIA Directive – to be verified during appraisal.
Procurement
The promoter is required to respect the Community Directives as regards invitations to tender (directive 93/38/EC).
Status
Signed - 26/11/2002
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).