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    Reference: 20210496
    Release date: 16 July 2021

    Promoter – Financial Intermediary

    CEPS AS

    Location

    Description

    The project comprises schemes for the reinforcement and modernisation of the electricity transmission network in the Czech Republic, over the period 2021-2025.

    Objectives

    The project is expected to support the efficient operation of the electricity transmission network in the Czech Republic, to increase the capacity of the electricity transmission network and to enable the Promoter to maintain the reliability and quality of electricity supply.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    CZK 3600 million (EUR 140 million)

    Total cost (Approximate amount)

    CZK 4817 million (EUR 187 million)

    Environmental aspects

    The project comprises electricity transmission schemes (overhead lines and works in existing substations), 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 schemes will fall under Annex II, thus requiring 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

    Under appraisal - 24/06/2021

    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