Release date: 22 July 2025
Promoter – Financial Intermediary
NV RENDO (REGIONAAL NUTSBEDRIJF VOOR ZUID DRENTHE EN NOORD OVERIJSSEL)Location
Description
The project entails the financing of Rendo's investment programme in their electricity distribution grid in the period 2025-2028.
Objectives
The project caters for demand growth, the connection of network users, the integration of renewables and other support for the energy transition, and the improvement of the quality of service and the efficiency of operations.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 89 million
Environmental aspects
The project includes components that may fall under Annex II of the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU, which requires the competent national authority to determine the need for an environmental impact assessment (EIA). The impacts that can be typically expected for some schemes relate to visual impact, vegetation clearance, collision and electrocution of flying vertebrates, electromagnetic fields, noise nuisance, and disturbances during construction, as well as the possible impacts on protected fauna and flora (Habitats 92/43/EC and Birds 2009/147/EC).
Procurement
The Bank will require the promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/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
Approved - 19/08/2025