Release date: 28 November 2005
Promoter – Financial Intermediary
Public Power Corporation S.A. (PPC) the Greek electricity utility.Location
Description
The project comprises small investments aimed at improving the generation capacity on the Greek islands not served from the mainland network, mainly through small oil-fired generators.
Objectives
The project is designed to ensure that the islands not linked to the main PPC grid have adequate capacity to ensure the quality, efficiency and security of supply.
Comments
Electricity generation.
Sector(s)
Proposed EIB finance (Approximate amount)
Under evaluation.
Total cost (Approximate amount)
Under evaluation.
Environmental aspects
The project’s main objective is to improve quality, efficiency and security of supply for the Greek islands. Through investments using modern technology it will also contribute to the rational use of energy in the country.
Procurement
The promoter’s procurement procedures comply with the provisions of the relevant EU Directives, requiring international open tender.
Status
Signed - 20/12/2007
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).