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    Reference: 20150778
    Release date: 4 October 2016

    Promoter – Financial Intermediary

    CEPS AS

    Location

    Description

    Multi-component investment programme covering the period 2016-2020 aiming to reinforce the electricity transmission infrastructure of the Czech Republic

    Objectives

    The project is expected to enable the promoter to improve the safety of the system, support the efficient operation of the electricity market in central and eastern Europe and maintain the reliability and quality of electricity supply.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    CZK 3000 million (EUR 111 million)

    Total cost (Approximate amount)

    CZK 6000 million (EUR 222 million)

    Environmental aspects

    The project concerns electricity transmission schemes (overhead lines, new substations and works in existing facilities) some of which will fall under Annex I of the Environmental Impact Assessment (EIA) Directive and will have to undergo an obligatory environmental impact assessment, while most of the remainder will fall under Annex II, which requires the competent national authority to determine the need for an EIA. The main impact that can typically be expected for a project of this nature relate to visual impact, vegetation clearance, electromagnetic fields, noise nuisance, impact on flying vertebrates and disturbance during construction. Environmental and social (E&S) aspects will be reviewed during appraisal to ensure alignment with Bank E&S requirements.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, (i.e. Directive 2014/25/EU or Directive 2004/17/EC where applicable, as well as Directives 89/665/EEC , 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 15/12/2016

    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

    Czech Republic Energy