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The operation will finance Research, Development and Innovation (RDI) investments in the field of low carbon energy solutions and infrastructure networks and services optimisation.
The project aims at strengthening the promoter's long-term competitiveness by supporting its technological and innovation activities.
The project includes RDI activities that are not specifically mentioned under the EIA Directive and that will be carried out in existing facilities without changing their already authorised scope. The project will therefore not require an Environmental Impact Assessment (EIA) under the directive 2014/52/EU amending directive 2011/92/EU.
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 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.
The project comprises a well-defined portfolio of investments in R&D in the field of renewable energies, Carbon Capture and Storage, decarbonisation applications and optimised management of energy networks (amongst others).