NG Gas Distribution Phase I (2008-11)

Promoter – Financial Intermediary

NATIONAL GRID
1-3 Strand
LONDON WC2N 5EH
United Kingdom
Website: www.nationalgrid.com
David R. Morgan – Treasury Manager

Location

• United Kingdom

Description

Rehabilitation & improvement of National Grid's gas distribution network covering four gas distribution networks (“GDNs”) in the UK, located in Central & South East England, Phase I (2008-11) of the 5 year regulatory investment programme 2008-13.

Objectives

The Project contributes to the UK’s energy policy, committed to delivering the Government’s goals of safe, secure and sustainable energy supplies and ultimately a low-carbon economy, through competitive and independently regulated energy markets.

Sector(s)

• Energy

Proposed EIB finance (Approximate amount)

GBP 350 million.

Total cost (Approximate amount)

GBP 1 800 million.

Environmental aspects

Based on current information, the investment programme falls under Annex II of the Environmental Impact Assessment (EIA) Directive (85/337/EEC as amended by 97/11/EC), leaving it to the competent authority to decide on the need for an EIA. In line with the Bank's guidelines, the Promoter's capacity and procedures to ensure compliance with environmental and biodiversity regulations will be assessed during appraisal. The vast majority of the programme will consist of the renewal of low pressure underground pipes in urban areas not requiring an EIA, contributing to improved safety and the reduction of losses. Any environmental impact is expected to be minimal and limited to the construction period.

Procurement

The Promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by procurement Directive 2004/17/EC, including the publication in Official Journal of EC where appropriate. Detailed procedures applied by the Promoter will be reviewed during appraisal.

Status

Signed - 30/06/2009