Release date: 28 June 2006
Promoter – Financial Intermediary
Red Eléctrica de España, S.A.Location
Description
The project forms part of the promoter’s multi-annual rolling capital investment program in the high-voltage (HV) power network (400 kV down to 132 kV) of Spain, comprising multiple schemes including investment earmarked as energy TEN, which will be implemented over a three-year period (2006-2008). The schemes are geographically dispersed over the country.
Objectives
The project aims at extending and reinforcing the national transmission system based on the 2002-2011 Spanish national energy plan and its revision published in 2005. It will increase capacity to meet electricity demand growth, and improve the quality and reliability of electricity supply to consumers located mostly in the objective 1 and objective 2 regions.
Comments
Electricity
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 35% of project cost.
Total cost (Approximate amount)
Approximately EUR 870 million.
Environmental aspects
The project schemes consist of components such as substations, overhead lines and underground cables. Thus, a part of the project elements may fall by virtue of their technical characteristics (voltage level, length of power line etc.) either under Annex I or Annex II of the EIA-Directive (97/11/EC). It is expected that the environmental impact of the project is mainly visual and that the limits on electromagnetic fields set by national legislation (and in line with EU recommendations) will be respected. The Bank has assessed the promoter’s environmental procedures recently and found them to be adequate. However, during appraisal the current procedures, including results for any scheme requiring a formal EIA, and mitigating measures to be applied will be reviewed. This will include the potential effect on nature conservation sites.
Procurement
The promoter follows EU public procurement procedures in line with the Utilities Directive 93/38/EEC pending transposition of 2004/17/EC into national law.
Status
Signed - 9/07/2007