Release date: 13 June 2006
Promoter – Financial Intermediary
Viridian Group PLC (Viridian)
120 Malone Road
BELFAST BT9 5HT
United Kingdom
Attn. Mr Colin Alexander
Group Treasury Manager
Location
Description
The Project comprises the design, construction, commissioning and commercial operation of a 400MWe natural gas fired combined cycle power plant, Huntstown 2.
Objectives
The Project will:
- install efficient and modern combined-cycle equipment,
- contribute to meeting growing electricity demand,
- deliver electricity to the All-Island Single Electricity Market (SEM).
Comments
Electricity, Gas and Water Supply
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 115 million
Total cost (Approximate amount)
Up to EUR 250 million
Environmental aspects
The Project falls under Annex 1 of the Environmental Impact Assessment (“EIA”) Directive 97/11/EC. A full EIA was carried out in 1999 for the entire Huntstown power plant site comprising Huntstown 1 and Huntstown 2. The new power plant accords with Directive 2001/80/EC on the limitation of emissions of certain pollutants from large combustion plants. The plant is located in an existing industrial area. There are no areas of nature conservation next to the project site.
Procurement
The Promoter confirmed that the procurement procedures applied to the Project have followed the requirements of the European Procurement Directives with major contracts published in the Official Journal of the EU.
Status
Signed - 2/10/2006
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).