Release date: 29 September 2010
Promoter – Financial Intermediary
CEZ a.s.
Location
Description
Investment programme comprising a series of similar land-based, multi-megawatt photovoltaic power plants located in the Czech Republic.
Objectives
The development of renewable energy capacity, using indigenous sources of energy, will support national and European targets for renewable energy generation and contribute to environmental and security of energy supply objectives. Electricity generation from PV sources will displace fossil fuel-fired generation and the associated emissions of CO2, NOX and SO2. Additionally, the investments included in this operation are situated in Convergence Regions (“Strictu Sensu” and “Phasing-In”).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
Estimated at EUR 400 million.
Environmental aspects
The environmental and social impacts of the land-based solar PV installations are likely to be limited to visual effects. Based on current information, all projects under the investment programme fall under Annex II of the Environmental Impact Assessment directive (85/337/EEC as amended by 97/11/EC and 2003/35/EC), leaving it to the competent authority to decide on the need for an EIA in line with the Directive. The project shall comply with national and EU environmental legislation.
Procurement
The promoter is a public undertaking in the sense of the Utilities Directive 2004/17/EU and would thus have to apply public procurement procedures accordingly. However, some of the schemes have been fully or partly developed by private entities and corresponding supply/works contracts may have been awarded prior to the project acquisition by the promoter. In these cases, publication of contract notices was not required. The Bank will ensure that suitable procurement procedures will be applied by the promoter and/or the borrowers.
Status
Signed - 18/11/2010
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).