Release date: 30 July 2004
Promoter – Financial Intermediary
EEM - Electricidade da Madeira, S.A.Location
Description
Extension of existing power generation capacity in Madeira and Porto Santo (37 MWe through dual fuel generators and 5 MWe in an existing hydro-electric facility) and upgrading of the archipelago’s transmission and distribution networks.
Objectives
Increase in power generation capacity and upgrade of transmission and distribution grids.
Comments
Electrical energy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 70m indicatively.
Total cost (Approximate amount)
EUR 190m indicatively.
Environmental aspects
To be assessed.
Procurement
To be assessed.
Status
Signed - 3/05/2005
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).