Release date: 26 July 2021
Promoter – Financial Intermediary
DISTRIBUTIE ENERGIE ELECTRICA ROMANIA SALocation
Description
The investment programme comprises a large number of schemes for the reinforcement and modernisation of the electricity distribution network in Romania. It encompasses high, medium and low voltage electricity distribution schemes, including the deployment of advanced meters.
Objectives
The project will allow the Promoter to improve the reliability of electricity supply, to reduce network losses, to connect new users and to improve the overall operational efficiency of the electricity distribution system.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 225 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The high voltage programme schemes have the potential for some adverse environmental impacts. Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures will be applied as necessary.
Procurement
The Bank will require the 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 interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 14/07/2021
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).