Release date: 13 June 2007
Promoter – Financial Intermediary
Office National de l’Electricité.Location
Description
Creation and extension of hydropower schemes (in particular: construction of a pumped storage power station in Abdelmoumen; extension of the Afourer pumped storage power station; construction of a hydropower plant at Tillouguit) plus the installation of remote management systems at existing hydropower plants.
Objectives
To optimise the operation of ONE’s power generation plant and reduce production costs by storing power generated at off-peak times in order to meet the requirements of a heavy load curve at peak times.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million.
Total cost (Approximate amount)
EUR 335 million.
Environmental aspects
The hydropower schemes under the project would fall under Annex II of the Environmental Impact Assessment Directive 85/337/EEC as amended by Directives 97/11/EC and 2003/35/EC if located within the EU. This would leave it to the competent national authority to determine the requirement for an EIA based on the screening criteria specified in Annex III of the same directive.
According to national legislation for such a project, the environmental authorities require the promoter to prepare an environmental impact assessment (EIA), including an environmental action plan. The high voltage power lines connecting the schemes to the grid will probably also be subjected to an EIA. Studies will be carried out during appraisal to verify that the project is in line with EU environmental and social procedures, subject to local conditions and law.
By virtue of substituting for alternative fossil fuel-fired generation and thereby contributing to a reduction in greenhouse gases, the hydropower project may be eligible for registration under the Kyoto Protocol.
Procurement
The Bank will ensure that the promoter implements the project in accordance with the EIB’s Guide to Procurement.
Status
Signed - 27/12/2007
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).