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    Reference: 20110355
    Release date: 20 March 2012

    Promoter – Financial Intermediary




    The project comprises investment schemes in the electricity distribution network in North-Western Poland, over 2012-2015. The schemes will be implemented by the promoter, a fully owned subsidiary of ENEA S.A., the majority state-owned top-company of the ENEA Group.


    The programme will enable the promoter to cater for demand growth, reduce losses, connect new end-users and also renewable generators and improve the reliability, and quality of electricity supply. The programme is located in a convergence region. It is therefore eligible under article 309 a) Economic and Social Cohesion, and c) Common Interest of the Treaty on the Functioning of the European Union. The financing of this programme will contribute to the EIB’s lending priority policy on convergence regions and diversification and security of energy supply.


    Proposed EIB finance (Approximate amount)

    PLN 950 million (EUR 240 million)

    Total cost (Approximate amount)

    PLN 3244 million (EUR 820 million)

    Environmental aspects

    Some project schemes fall under Annex II of the EIA Directive (85/337/EC) as transposed into Polish national law (Dz. U. z 2010 r. Nr 213, poz. 1397), leaving it to the national competent authorities to decide whether an EIA would be required. The vast majority of the program schemes are expected to be reinforcements of medium and low voltage equipment and facilities with limited environmental impact.


    The Promoter is a subject to the public law operating in the energy sector and therefore is subject to the national legal regulations implementing EU Directive 2004/17/EC and 2004/18/EC. It regularly publishes procurement notices in the OJEU. The Promoter’s approach to the public and private procurement of works, supplies and services will be evaluated during the appraisal.


    Signed - 18/10/2012


    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

    Poland Energy