Release date: 13 February 2019
Promoter – Financial IntermediaryFINGRID OYJ
Investment in upgrading of the Finnish electricity transmission grid.
The investments are expected to increase network capacity and improve reliability of substations.
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 222 million
The Program schemes are expected to have limited environmental consequences. Environmental impact studies have been carried out as applicable and mitigating and/or compensation measures will be applied as necessary.
The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/25/EU, as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Signed - 7/02/2019
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).