Release date: 13 June 2006
Promoter – Financial Intermediary
Public Gas Corporation of Greece (DEPA) S.A.Location
Description
The project will comprise schemes relating to the implantation of a medium pressure network to serve the larger towns along the high-pressure line from Athens to central and northern Greece, but may also include some extensions to the high-pressure network and low-pressure lines.
Objectives
The project will encourage the rational utilisation of energy resources, due to the economic and environmental advantages of natural gas over other fossil fuels, it should facilitate the development and reduce the isolation of the less favoured regions and contribute to meeting the rising demand for natural gas in Greece.
Comments
Oil and gas.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of the project cost.
Total cost (Approximate amount)
Presently estimated at EUR 50 million, but could increase depending on the final scope of the project.
Environmental aspects
The project’s compliance with all applicable national and EU environmental legislation will be verified during appraisal.
Procurement
The promoter is required to respect national and European legislation applicable to public authorities procurement.
Status
Signed - 20/12/2007