Reference: 20190293
Release date: 3 October 2019

Promoter – Financial Intermediary

ENERGIENETZE STEIERMARK GMBH,ENERGIE STEIERMARK AG

Location

Description

The project is an investment programme that comprises number of schemes in the electricity and gas distribution network of the Austrian Federal State of Styria. The project includes the rollout of smart meters and ICT activities to facilitate the transition to a smart distribution network.

Objectives

The programme will allow the promoter to maintain or improve the reliability and quality standards of electricity supply, connect new users including renewable generators and the roll-out of smart meters.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 190 million

Total cost (Approximate amount)

EUR 385 million

Environmental aspects

The programme schemes are expected to have limited environmental consequences. Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures will be applied as necessary.

Procurement

The EIB will require each promoter to ensure that contracts for the implementation of the project have been and 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 the publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 30/09/2019

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

Austria Energy