Summary sheet
Construction of a new hydropower plant on the Upper Inn river
The project will support EU energy policy, which favours a strong increase in renewable power production, and will help maintain the reliability of the electricity system. The project will to some extent contribute to covering peak demand as well as to regulating the electricity system.
The project is in line with the Bank's priority lending objectives related to renewable energy/energy efficiency and complies with the Bank's energy lending criteria.
The project falls under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU and it was screened in by national authorities and is subject to an EIA. An EIA has been performed in accordance with national legislation and its compliance with EU legislation will be checked during appraisal.
The European Commission exempted the generation of electricity in Austria from public procurement provisions by Decision 2008/585/EC. The Bank will review the project's procurement procedures to ensure that its funds are used appropriately for the purchase of works, goods and services.