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    Reference: 20090636
    Release date: 7 January 2010

    Promoter – Financial Intermediary

    Verbund Österreichische Elektrizitätswirtschafts-AG through the majority-owned utility Verbund Austrian Power GmbH Co & KG.

    Location

    Description

    The Project concerns the construction and operation of a high efficiency CCGT power plant of 832 MW-e.

    Objectives

    The Project will contribute to meet the growing Austrian demand in electricity.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 275 million

    Total cost (Approximate amount)

    Up to EUR 550 million

    Environmental aspects

    Due to its technical characteristics the Project falls under Annex I of the EIA Directive 58/337/EC and amendments, requiring an EIA. The EIA has been completed in September 2008 and the license for construction has been granted with a number of conditions related to construction and operation of the plant which will be implemented by the Promoter. The impacts on Natura2000/Habitats and potential mitigating measures will be reviewed during appraisal.

    Procurement

    At the time of tendering, the Promoter fell under the scope of the EU Procurement Directive 2004/17/EC. Following a tender process announced in the OJEU on 16.06.2006, the EPC contract for the plant was signed in July 2008 and the site handed over January 2009. Details of the procurement scope and procedures followed to be further assessed.

    Status

    Signed - 6/05/2010

    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).

    Related tags

    Austria Energy