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    Reference: 20200432
    Release date: 5 October 2020

    Promoter – Financial Intermediary

    CEPS AS

    Location

    Description

    Multi-component investment programme covering the period 2020-2024 aimed at reinforcing the electricity transmission infrastructure of the Czech Republic.

    Objectives

    The project is expected to enable the Promoter to improve the safety of the system, support the efficient operation of the electricity market in central and eastern Europe and maintain the reliability and quality of the electricity supply.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    CZK 5000 million (EUR 189 million)

    Total cost (Approximate amount)

    CZK 11303 million (EUR 428 million)

    Environmental aspects

    The project concerns electricity transmission schemes (overhead lines, new substations and works in existing facilities) some of which will fall under Annex I of the Environmental Impact Assessment (EIA) Directive and will have to undergo an obligatory environmental impact assessment, while most of the remainder will fall under Annex II, which requires the competent national authority to determine the need for an EIA. The main impacts that can typically be expected for a project of this nature relate to visual impact, vegetation clearance, electromagnetic fields, noise nuisance, impact on flying vertebrates and disturbance during construction.

    Procurement

    The Bank will require that the Promoter ensure that contracts for the implementation of the Programme schemes have been tendered in accordance with the relevant applicable EU procurement legislation, Directives 2014/25/EU, where applicable, as well as Directive 92/13/EEC and 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 European Union, as and where required.

    Status

    Signed - 19/11/2020

    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

    Czech Republic Energy