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    Reference: 20160169
    Release date: 16 November 2018

    Promoter – Financial Intermediary

    IBERDROLA SA

    Location

    Description

    Financing for the development and modernisation of electricity network infrastructure throughout Spain during the 2016-2018 period.

    Objectives

    The overall purpose of the programme is to modernise the electricity distribution network in order to maintain or improve the quality of electricity supply, cater for new system users and improve the overall operational efficiency of the distribution system operator. It also comprises advanced metering infrastructures, as per the country's mandatory roll-out.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 500 million

    Total cost (Approximate amount)

    EUR 1197 million

    Environmental aspects

    The project will concern the implementation of electricity distribution schemes and comprises overhead lines with voltage levels up to 132 kV, some of which may require the competent national authority to determine the need for an environmental impact assessment (EIA). The main impacts that can be typically expected for the programme relate to noise nuisance and disturbance during construction, vegetation clearance, visual impact, electromagnetic fields as well as impact on flying vertebrates.

    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 (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC), as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    Status

    Signed - 23/12/2016

    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

    Spain Energy