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    Reference: 20130408
    Release date: 14 January 2014

    Promoter – Financial Intermediary




    Investments under the promoter's 2013-2015 business plan to reinforce, modernise and smarten electricity distribution networks throughout Spain.


    The program comprises several investment schemes in the electricity sub-transmission and distribution network planned for implementation by Endesa in the years 2013-2015. The program will focus on modernisation and extension of the network. This will enable the Promoter to reduce losses and improve the reliability and quality of electricity supply.


    Proposed EIB finance (Approximate amount)

    EUR 600 million

    Total cost (Approximate amount)

    EUR 1725 million

    Environmental aspects

    The program schemes concern facilities which fall under Annex I of the EIA Directive (2011/92/EU) and will have to undergo an obligatory Environmental Impact Assessment or Annex II which requires the competent national authority to determine the need for an EIA.


    The Promoter’s procurement procedures are governed by the EU Utilities Directive 2004/17/EC and it is therefore required to tender works, supplies and services contracts following public procurement rules, including the publication in the Official Journal of the EU (OJEU) where appropriate.


    Signed - 26/09/2014


    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