Release date: 30 October 2006
Promoter – Financial Intermediary
Scottish Power plc.Location
Description
A four-year investment programme aimed at renewing, reinforcing and extending the electricity transmission and distribution networks.
Objectives
The project will enable the Promoter to cater for growth in demand, reduce losses and improve the reliability and quality of electricity supply.
Comments
Electricity, Gas and Water Supply.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 300 million.
Total cost (Approximate amount)
The total cost of the project is estimated at GBP 1,100 million over a four-year period.
Environmental aspects
The Promoter assesses the environmental issues associated with various schemes as part of its planning and design procedures in accordance with UK statutory requirements. By virtue of their technical characteristics nearly all project schemes fall under Annex II of Directive 85/337/EEC amended 97/11/EC and 2003/35/EC, and are subject to an EIA based on a case-by-case decision or on defined criteria set by the competent authorities.
Procurement
The Promoter has implemented the EU Directives on Procurement. The Promoter's standard practice is to publish tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 16/04/2007
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).