Release date: 1 July 2014
Promoter – Financial Intermediary
Private sector company.Location
Description
The project comprises investment schemes in the electricity distnbution network in Western Poland.
Objectives
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 in a "less developed region", as defined by the Commission Implementing Decision 2014/99/EU. The programme is therefore eligible under Article 309 point (a) projects for developing lessdeveloped regions and point (c) common interest. The financing of the programme will also contribute to the ElB's lending priority policy ("energy networks" priority) and priority policy on cohesion.
Comments
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
PLN 946 million (EUR 224 million)
Total cost (Approximate amount)
PLN 1986 million (EUR 471 million)
Environmental aspects
Some of the programme schemes may fall under Annex II of the EIA Directive (2011/92/EU) that requires the competent national authority to determine the need for an EIA. The impacts that can typically be expected for these schemes relate to visual impact, vegetation clearance, impact on flying vertebrates, electromagnetic fields, noise, and disturbance during construction. Environmental impact assessments will be 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 have been/shall be tendered in accordance with the relevant 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 - 29/05/2015
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).