Release date: 15 July 2011
Promoter – Financial Intermediary
Gestamp Biotérmica S.L.
Location
Description
The project comprises the design, construction, operation and maintenance of four medium-scale biomass power stations in three different locations in the region of Castilla y Leon, Spain. The biomass supply will be managed by the promoter and supported by regional authorities.
Objectives
The project contributes to the EU and national renewable energy targets and climate policies, as well as regional employment and development. Since the collapse of the regional pulp and paper industry there is no large scale demand any more for this type of biomass in the region of Castilla y Leon. Sustaining the demand of forest wood residues and encouraging much required intermediate fellings, the project will contribute to the prevention of forest fires and to the sustainability of the forestry activity in Castilla y Leon region.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 110 million
Total cost (Approximate amount)
Approximately up to EUR 225 million
Environmental aspects
By virtue of their technical characteristics, all power plants under this operation fall under Annex II of the Directive 85/337/EC amended 97/11/EC amended 2003/35/EC; thus an EIA may be required subject to a case-by-case decision or defined criteria set by the national competent authorities. The Bank’s services will verify that the power plants make use of best available technology to maximise efficiency of the production process and minimise the environmental footprint.
Procurement
The promoter is a private company that does not enjoy any special or exclusive rights in the utilities sector. It is therefore not concerned by EU directives on procurement. The Bank’s services will verify that the project benefits from market-based competition between potential subcontractors.
Status
Signed - 14/06/2012
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).