Release date: 12 September 2017
Promoter – Financial Intermediary
GAS DISTRIBUTION COMPANY REST OF GREECE S.A.Location
Description
Development of the gas distribution networks in the regions of Central Greece, Central Macedonia, East Macedonia and Thrace.
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)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 48 million
Total cost (Approximate amount)
EUR 125 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 - 1/03/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).