Release date: 8 March 2007
Promoter – Financial Intermediary
Electricidade dos Açores - EDA S.A.Location
Description
Design and implementation of additional electricity generation, transmission and distribution capacity. The investments will be located in all nine of the islands making up the Archipelago of the Azores.
Objectives
To meet the expected increase in electricity demand through appropriate increases in plant capacity and strengthening of transmission and distribution networks.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of total project cost.
Total cost (Approximate amount)
Estimated at EUR 140 million.
Environmental aspects
By virtue of their technical characteristics, the project sub-schemes fall under Annex II of Directive 85/337/EC amended by 97/11/EC and 2003/35/EC. Thus, they would be subject to an EIA based on a case-by-case decision or defined criteria set by the competent authorities. The project is expected to have a positive effect on the environment through the use of new, more efficient generation units replacing older ones. Details will be analysed during appraisal.
Procurement
Procurement procedures are in compliance with relevant EU directives and national and regional legislation.
Status
Signed - 22/11/2007