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    Reference: 20190070
    Release date: 24 September 2019

    Promoter – Financial Intermediary

    IBERDROLA SA

    Location

    Description

    The project is part of the promoter's investment plan to modernize and develop the electricity distribution networks in several provinces of Spain, some of which are classified as less-developed or transition regions. The operation will finance the expansion, renovation and digitalisation of the promoter's electricity distribution network throughout 2019 and 2020. The investments will be located in several Spanish regions.

    Objectives

    The overall purpose of the project is to modernise the electricity distribution network in order to maintain or improve the quality of electricity supply, cater for new system users and improve the overall operational efficiency of the distribution system operator.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 440 million

    Total cost (Approximate amount)

    EUR 887 million

    Environmental aspects

    The program concerns electricity distribution schemes and comprises overhead lines with voltage levels up to 132 kV, some of which will usually fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU which requires the competent national authority to determine the need for an EIA. The need of EIA for individual components and the screening decisions from the competent authorities will be further investigated during appraisal. The main impacts that can be typically expected for the program relate to noise nuisance and disturbance during construction, vegetation clearance, visual impact, electromagnetic fields as well as on flying vertebrates. The actual impacts as well as the planned mitigation measures will be reviewed during appraisal.

    Procurement

    The EIB will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 3/12/2019

    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

    Spain Energy