DELGAZ ELECTRICITY DISTRIBUTION

Promoter – Financial Intermediary

DELGAZ GRID SA

Location

• Romania

Description

The project consists in an investment programme in electricity distribution in Romania, covering the period 2024-2027. The programme includes investments in high, medium and low voltage networks, metering, as well as network automation. It includes elements of the CARMEN (Carpathian Modernisation of Energy Network) Project of Common Interest.

Objectives

The project is expected to modernise and expand the promoter's distribution network, by supporting its efficient operation, contributing to the integration of Renewable Energy Sources (RES), and catering for the connection of new customers.

Sector(s)

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

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 629 million

Environmental aspects

The investment programme comprises several electricity distribution schemes with voltages ranging from 0.4 kV up to 110 kV. Some of these schemes may fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), which requires the competent national authority to determine the need for an EIA. Where, and if applicable, the requirements of Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be verified during appraisal. The programme schemes related to automation and metering are expected to have limited environmental impact. The environmental and social due diligence will follow the programme lending approach according to the EIB's procedures and standards. It will focus on the Promoter's capacity to implement the programme in line with the EIB environmental and social standards and requirements.

Procurement

The EIB will require the promoter to ensure that contracts for implementation of the project are tendered in accordance with the applicable EU procurement legislation, 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 20/11/2024