Release date: 17 December 2008
Promoter – Financial Intermediary
EDF Electricité de France SA
Location
Description
The project consists of a replacement, modernisation and capacity extension program of the electricity generation park in four Départments d’Outre Mer (DOM) of France, Martinique, Guadeloupe, Réunion and Guyana. It concerns 38 oil-fired generation units ranging from 5-40 MWe.
Objectives
The purpose of the investments is to comply with new legislation that imposes tighter emission limits as of 2010, meet the electricity demand growth, and guarantee the quality/reliability and security of supply.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 400 million.
Total cost (Approximate amount)
EUR 930 million.
Environmental aspects
Three project components subject to the Annex I of the EIA Directive 85/337/EEC with its amendments are power plants of Bellefontaine B in Martinique, Point Jarry in Guadelope and Port Est in Reunion. The remainder of the project components consisting of up to 23 power plant sites are subject to Annex II. The detailed EIA screening procedures, EIA procedures, EIA results and required mitigating measures will be reviewed during appraisal. The promoter’s environmental procedures and the project’s possible effects to the protected sites or species will as well be reviewed.
Procurement
The promoter is subject to public sector procurement rules of EU legislation on procurement (Directive 2004/17/EC).
Status
Signed - 23/12/2009
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).