Release date: 18 January 2017
Promoter – Financial Intermediary
SONORGAS - SOCIEDADE DE GAS DO NORTE SA
The project is part of the promoter's investment plan to extend the gas distribution networks in its concession areas in the north of Portugal for the period Q3 2016-Q4 2019.
The project will enable the shift from more expensive and polluting fuels, bringing environmental benefits and potentially lower energy costs. The project will be located in less-developed regions.
Proposed EIB finance (Approximate amount)
EUR 29 million
Total cost (Approximate amount)
EUR 58 million
Based on current information, the planned investments fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended 2014/52/EU), leaving it to the competent authority to decide on the need for an EIA.
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.
Signed - 6/07/2017
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).