Release date: 22 October 2009
Promoter – Financial Intermediary
Communauté Electrique du BéninLocation
Description
Construction of 308 km of 161 kV lines, 5 km of 63 kV underground cables and 1 substation, the refurbishment of 289 km of 161 kV lines, and the refurbishment/enlargement of 8 substations
Objectives
The refurbishing of the existing transmission lines aims at avoiding major power supply disruptions, and the new lines will extend the reach and quality of the transmission infrastructure in Benin and Togo. This will improve the reliability and efficiency of electricity supply, creating a better environment for private sector investment and growth.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 35 million
Total cost (Approximate amount)
EUR 73 million
Environmental aspects
The Bank will verify that the impact of the project is in line with the EU and the Bank’s principles and standards as regards environmental and social issues.
Procurement
All major contracts will be procured through international competitive bidding and the contracts financed by the Bank will be tendered in accordance with the EIB’s Guide to Procurement.
Status
Signed - 22/12/2009