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    Reference: 20120393
    Release date: 10 December 2012

    Promoter – Financial Intermediary

    GAS NATURAL SDG SA

    Location

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Energy