REUTLINGEN PUBLIC INVESTMENTS

Promoter – Financial Intermediary

STADTWERKE REUTLINGEN GMBH

Location

• Germany

Description

The multi-annual investment programme (2023-2027) will support a local utility in the energy sector (electricity networks and district heating)

Objectives

The aim is to enable the promoter to connect new users as well as to maintain or improve the reliability and quality standards of electricity and district heating supply. The project, which will contribute to the EIB's lending priority related to Climate Action and Environmental Sustainability as well as REPowerEU objectives., is eligible under Article 309, point c) common interest (energy security). Additionally, it will support the EIB's Energy lending policy themes on Securing the Enabling Infrastructure (electricity and district heating networks) and Decarbonising Energy Supply (district heating).

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 70 million

Total cost (Approximate amount)

EUR 191 million

Environmental aspects

The project schemes are expected to have limited residual environmental impact. Some of the project's components fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2014/52/EU amending the EIA Directive 2011/92/EU), which requires the competent national authority to determine the need for an EIA. None of the indicatively schemes envisaged for financing are however expected to meet the requirements for an EIA. Nonetheless a condition will be included in the finance contract requiring that the promoter completes any EIA or nature conservation area impact assessment and receives approval from the competent authorities prior to allocating the EIB's funds to the project scheme, and that copies of the relevant documents, including the consents, are provided to the EIB.

Procurement

The promoter confirmed that it is a contracting authority or a public undertaking in the sense of the EU procurement policies complying with the legal procurement requirements accordingly. That might include to procure supply and works contracts through joint qualification systems, as appropriate.

Status

Approved - 18/09/2024