Release date: 1 October 2003
Promoter – Financial Intermediary
Electricidade dos Açores – EDA SALocation
Description
Design and implementation of additional electricity generation, transmission and distribution capacity. The investments will be located in all nine of the islands making up the Archipelago of the Açores.
Objectives
To meet the expected increase in electricity demand through appropriate increases in plant capacity and strengthening of transmission and distribution networks.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of total project cost
Total cost (Approximate amount)
Estimated at EUR 145 million
Environmental aspects
The project falls under Annex II of EC Directive 97/11, which will be complied with in full. The project will have a positive effect on the environment through use of efficient generation plant and enhanced use of renewable energy resources.
Procurement
Procurement procedures are in compliance with relevant EU directives and national and regional legislation.
Status
Signed - 18/12/2003
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).