Release date: 22 May 2015
Promoter – Financial Intermediary
KELAG-KAERNTNER ELEKTRIZITAETS-AGLocation
Description
Investment programme in heating, wind/hydro power production and grid investments during 2014-2017 by the regional multi-sector energy company of Carinthia.
Objectives
The project will promote the development and modernisation of the electricity distribution and district heating networks of KELAG, as well as adding and restoring renewable energy production. It will enable KELAG to maintain/improve the current levels of network reliability and safety and add new customer connections.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 212 million
Environmental aspects
Hydro, wind and district heating schemes are expected to fall under Annex II of Directive 2011/92/EU on environmental impact assessment (EIA), whereby the need for an EIA is determined by the competent national authority. Electricity distribution at medium and low voltage, district heating and refurbishments of hydropower plants are typically implemented with low or insignificant environmental impact.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation are tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/17/EC and 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 - 3/07/2015
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).