ESB Transmission and Distribution VII

Promoter – Financial Intermediary

Electricity Supply Board.

Location

• Ireland

Description

A programme of schemes to enforce the Irish transmission and distribution electricity network, including construction of new high-voltage lines to accomodate growing electricity demand.

Objectives

To secure appropriate development of the electricity network in Ireland, in order to meet electricity demand growth, and improve the quality and reliability of electricity supply. The project will also facilitate safety and environmental objectives and contribute to the reduction of technical losses, while allowing for the connection of new power generators in the competitive generation and supply markets.

Sector(s)

• Energy

Proposed EIB finance (Approximate amount)

EUR 200 million.

Total cost (Approximate amount)

EUR 600 million.

Environmental aspects

The project is subject to the EU directive concerning Environmental Impact Assessment, which has been transposed directly into national law. It is anticipated that most of the project will fall under Annex II of that directive. ESB is known for being proactive with regard to the requirements of the directive and the national law. Mitigating measures are expected to concern mainly to the visual aspects of overhead lines, which can be minimised by design and careful choice of routes. Overall, the environmental impact of the project is expected to be limited and acceptable.

Procurement

Contracts for the implementation of the project have been or shall be tendered in accordance with the applicable EU procurement legislation (Directive 2004/17/EU, or if not yet transposed into national law, Directive 93/38/EU), with parallel publication of tender notices in the Official Journal of the EU, as and when appropriate.

Status

Signed - 16/12/2005