Release date: 1 June 2005
Promoter – Financial Intermediary
The Group ENDESA.Location
Description
Reinforcement and extension of electricity distribution networks in Spain.
Objectives
The project is part of the promoter’s 2005-2006 ongoing capital spending programme in electricity distribution facilities. The capacity being added over the two-year period includes power transformers, overhead lines and underground cables of high, medium and low voltage. The investments will benefit regions mostly considered assisted areas objective 1 and 2.
Comments
Electricity distribution.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 30% of project cost.
Total cost (Approximate amount)
Approximately EUR 2 050 million.
Environmental aspects
A portion of schemes falls under Annex I and Annex II of the EU Environmental Directive and is subject to formal Environmental Impact Assessment. The promoter submits the investment proposals on a regular basis to the competent authorities.
Procurement
The promoter follows EU public procurement procedures in accordance with the Utilities Directive 93/38/EC pending transposition of 2004/17/EC into national law.
Status
Signed - 22/09/2005
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).