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    Reference: 20190761
    Release date: 13 March 2020

    Promoter – Financial Intermediary

    NKM ARAMHALOZATI KFT

    Location

    Description

    The project consists of an investment programme including schemes for the reinforcement and modernisation of the electricity distribution network in South-East Hungary.

    Objectives

    The programme encompasses several high, medium and low voltage electricity distribution schemes, including the deployment of smart meters and components for network automation. This will enable the promoter to maintain high quality of services and low losses across its electricity distribution network.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 120 million

    Total cost (Approximate amount)

    EUR 160 million

    Environmental aspects

    The project includes schemes that fall under Annex II of Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU, thus requiring a review by the competent authorities at the permitting stage, with regards to the necessity for environmental and biodiversity assessments. The impacts that can typically be expected from some schemes relate to visual impact, vegetation clearance, collision and electrocution of flying vertebrates, electromagnetic fields, noise nuisance, and disturbance during construction.

    Procurement

    The promoter has 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.

    Status

    Signed - 29/09/2020

    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).

    Related tags

    Hungary Energy