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    Reference: 20160517
    Release date: 18 January 2017

    Promoter – Financial Intermediary

    SONORGAS - SOCIEDADE DE GAS DO NORTE SA

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 29 million

    Total cost (Approximate amount)

    EUR 58 million

    Environmental aspects

    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.

    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 - 6/07/2017

    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

    Portugal Energy