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    Reference: 20060303
    Release date: 26 June 2007

    Promoter – Financial Intermediary

    A major utility on the German electricity market.

    Location

    Description

    Financing of modernisation of one of the promoter’s power plants in Germany by means of building a new power unit.

    Objectives

    Replacement of existing capacity, involving substantial gains in efficiency and emissions reduction.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Not applicable.

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    The project falls due to its technical characteristics under Annex I of the EIA-Directive 85/337/EC amended by 97/11/EC and 2003/35/EC requiring thus a full environmental impact assessment. The new units will be designed to meet emission limits according to national and European legislation (13. BImSchV; Large Combustion Plant Directive; LCPD 2001/80/EC). As at this stage potential environmental impacts of the projects are not yet identified in-depth, it is intended that satisfactory completion of the EIA procedures will be confirmed prior to submitting the project to the Bank’s Board of Directors. This will include written confirmation from the competent authorities concerning potential effect on nature conservation sites (Natura 2000, Birds and Habitat Directive).

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been or will be tendered in accordance with the relevant applicable EU procurement legislation (Utilities Directive 17/2004/EU) with parallel publication of tender notices in the Official Journal of the EU as and where appropriate.

    Status

    Signed - 25/01/2008

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Germany Energy