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    Reference: 20160995
    Release date: 7 June 2018

    Promoter – Financial Intermediary

    HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR SA

    Location

    Description

    The project consists of a multi-component investment programme covering the 2017-2020 period aimed at renovating and reinforcing the electricity distribution network in Greece. The programme consists of a large number of medium and low voltage electricity distribution schemes geographically dispersed throughout peninsular and insular Greece.

    Objectives

    The purpose of the programme is to improve network safety and reliability as well as to connect new system users.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 255 million

    Total cost (Approximate amount)

    EUR 510 million

    Environmental aspects

    The characteristics and voltage range of the project schemes are such that they are listed neither under Annex I nor Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU. The environmental impacts of the project are expected to be modest and, in most cases, limited to disturbance during construction.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the Programme schemes have been tendered in accordance with the relevant applicable EU procurement legislation, Directives 2014/25/EU, where applicable, as well as Directive 92/13/EEC and Directive 89/665/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 - 9/01/2019

    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

    Greece Energy