ELECTRICITY NETWORK UPGRADE FOR INDUSTRIAL SITES

Promoter – Financial Intermediary

E.ON DEL-DUNANTULI ARAMHALOZATI ZRT,ELMU HALOZATI ELOSZTO KFT,MAVIR MAGYAR VILLAMOSENERGIA-IPARI ATVITELI RENDSZERIRANYITO ZRT,MINISTRY OF ENERGY - HUNGARY

Location

• Hungary

Description

The project will strengthen and expand the transmission and distribution networks of the three project promoters.

Objectives

Among other, the project will cater additional power requirements of two battery manufacturing facilities, located in the less developed regions of Hungary. In detail, one is located at an existing industrial site (Göd) and another at a greenfield industrial site (Iváncsa).

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 90 million

Total cost (Approximate amount)

EUR 123 million

Environmental aspects

The project comprises several electricity transmission and distribution schemes, with voltage levels ranging from 132 kV to 400 kV. None of the project schemes falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by EIA 2014/52/EU). Some of the schemes may fall under Annex II of EIA Directive 2011/92/EU (amended by 2014/52/EU), which requires the competent national authority to determine the need for an EIA. The environmental and social due diligence will include a review of relevant screening decisions and/or EIAs, and focus on the three promoters' capacity to implement the project in line with the EIB's socio-environmental standards and requirements.

Procurement

The promoters have to ensure that contracts for the project implementation have been and shall be tendered in accordance with the applicable EU procurement legislation, Directives 2014/25/EU and 92/13/EEC 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

Approved - 12/09/2023