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    Reference: 20160353
    Release date: 5 August 2016

    Promoter – Financial Intermediary

    National Grid Gas Distribution Ltd.

    Location

    Description

    The project is part of the promoter's on-going capital and replacement investment programme in its four gas distribution networks in the UK – North West, West Midlands, East of England and North London – for the period Q2 2016-Q1 2019.

    Objectives

    The replacement of old mains and equipment and the expansion of the gas distribution system are necessary to maintain the standards of service and safety to existing consumers, as well as providing for growth in demand.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    GBP 750 million (EUR 866 million)

    Total cost (Approximate amount)

    GBP 1576 million (EUR 1819 million)

    Environmental aspects

    Current information suggests that none of the project components will require an EIA per the Environmental Impact Assessment Directive 2011/92/EU (amended 2014/52/EU).

    Procurement

    The investments under the project are subject to the national and EU procurement provisions defined for entities operating in the water, energy, transport and postal services sectors.

    Status

    Signed - 15/02/2017

    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

    United Kingdom Energy