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    Reference: 20110002
    Release date: 2 December 2013

    Promoter – Financial Intermediary

    NATIONAL GRID PLC

    Location

    Description

    Reinforcement and extension of the high-voltage transmission grid in Great Britain, with focus on renewables.

    Objectives

    Reinforcement and extension of the high-voltage transmission grid in Great Britain, with focus on renewables.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 1743 million (GBP 1500 million)

    Total cost (Approximate amount)

    EUR 4002 million (GBP 3445 million)

    Environmental aspects

    Some sub-projects fall under Annex I or Annex II of the EIA Directive 2011/92/EU. The impacts that can be typically expected for the Project relate to visual impact, vegetation clearance, electromagnetic fields, noise nuisance, disturbance during constructions, bird collision/mortality and impact on sea-bed flora and fauna. Environmental impact studies have been carried out as applicable and mitigating and/or compensation measures will be applied as necessary.

    Procurement

    The Bank will require the Promoter to ensure that contracts for the implementation of the Project are tendered in accordance with the applicable EU procurement legislation (Dir. 2004/17/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 5/11/2014

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    United Kingdom Energy