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Signature(s)

Amount
€ 600,000,000
Countries
Sector(s)
Greece : € 600,000,000
Energy : € 600,000,000
Signature date(s)
3/01/2006 : € 100,000,000
28/12/2006 : € 100,000,000
12/11/2008 : € 140,000,000
8/06/2005 : € 260,000,000
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Summary sheet

Release date
16 December 2004
Status
Reference
Signed | 08/06/2005
20040488
Project name
Promoter - financial intermediary
PPC Transmission & Distribution IV
Public Power Corporation S.A.(PPC) the Greek electric utility.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Of the order of EUR 600 m
Of the order of EUR 1200 m
Location
Sector(s)
Description
Objectives

The project comprises the upgrading and extension of transmission and distribution networks throughout the mainland and the islands.

The project is designed to cope with the growth of electricity demand in Greece and to facilitate the technical restructuring in response to competitive market forces emerging in the Greek power sector. It will improve the security and quality of electricity supply and reduce system losses, therefore reducing electricity costs as well as promoting the rational use of energy in the country.

Environmental aspects
Procurement

The project’s main objective is to improve the quality, efficiency and security of electricity supply in Greece, mainly by reducing the system losses in the transmission and distribution networks. In this respect, the project will promote the rational use of energy in the country.

The promoter’s procurement procedures comply with the provisions of the relevant EU Directives, requiring international open tender.

Comments

Electricity transmission and distribution.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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