Release date: 30 November 2004
Promoter – Financial Intermediary
The Group Iberdrola.Location
Description
Reinforcement and extension of electricity distribution networks in Spain.
Objectives
The project is part of the promoter’s 2005-2007 ongoing capital spending programme in electricity distribution facilities. The capacity being added over the three-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 34% of project cost.
Total cost (Approximate amount)
Approximately EUR 1200 m.
Environmental aspects
No schemes fall under Annex I, but some pertain to Annex II of the EU Environmental Directive. The promoter submits its investment proposals on an annual 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 - 10/02/2005