Release date: 10 December 2012
Promoter – Financial Intermediary
GAS NATURAL SDG SALocation
Description
Reinforcement and extension of the electricity distribution network in four Spanish regions (Castilla La mancha, Castilla y León, Galicia - all three convergence regions - and Madrid) during the period 2012-2015.
Objectives
Reinforcement and extension of the electricity distribution network in four Spanish regions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 475 million
Total cost (Approximate amount)
EUR 977 million
Environmental aspects
Most of the project schemes relate to Medium Voltage (MV) and Low Voltage (LV) and therefore fall under Annex 2 of the EIA Directive 92/2011/EU. Such schemes are expected to have minimal or null environmental impacts.
The project includes also high voltage schemes - lines and substations - that requires an Environmental Impact Assessment following Annex 1 of the EU EIA Directive 92/2011/EU.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EC/ or 2004/17/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 9/07/2013
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).