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    Reference: 20170682
    Release date: 15 February 2018

    Promoter – Financial Intermediary

    MAVIR MAGYAR VILLAMOSENERGIA-IPARI ATVITELI RENDSZERIRANYITO ZRT

    Location

    Description

    The project consists of the reinforcement and extension of the electricity transmission network in Hungary.

    Objectives

    The project is expected to enable the promoter to improve the safety and reliability of the electricity transmission system as well as support the efficient operation of the electricity transmission network in Hungary.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 290 million

    Environmental aspects

    Some project components related to the construction of new electricity transmission infrastructure - in particular a new overhead line and the new substations - need to undergo an Environmental Impact Assessment (EIA). The project components are expected to have limited environmental consequences. The main impacts that can typically be expected for projects of this nature relate to visual impacts, vegetation clearance, electromagnetic fields, noise nuisance, impact on flying vertebrates and disturbance during construction. The potential social impact refers to the location of the towers and to the right of way of the transmission corridors.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the programme's components have been tendered in accordance with the relevant applicable EU procurement legislation defining public procurement rules.

    Status

    Signed - 28/09/2018

    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

    Hungary Energy