Release date: 9 January 2004
Promoter – Financial Intermediary
E.ONLocation
Description
Refurbishment and upgrading of electricity transmission and distribution networks in Hungary.
Objectives
The project is expected to improve/maintain the efficiency and reliability of the Hungarian power supply system.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan of up to EUR 250 m.
Total cost (Approximate amount)
Estimated at approximately EUR 500 m.
Environmental aspects
The environmental issues expected for the types of scheme included in the project, such as electro-magnetic fields and visual impact caused by overhead lines, as well as the mitigating measures will be assessed during appraisal. The project’s compliance with all applicable national and EU environmental legislation, including EU Directive 97/11/EC where relevant, will be verified by the Bank.
Procurement
The project is expected to follow the principles of the Utilities Directive 93/36/EC. As the investments will be geographically and technically independent, a general procurement notice in the OJEC may be required for main groups of homogeneous technical characteristics of the investment (e.g. transformers). The procurement procedures of the promoter will be assessed during appraisal.
Status
Signed - 30/04/2004
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).