ANDORRA ELECTRICITY AND DISTRICT HEATING FL

Promoteur – Intermédiaire Financier

PRINCIPALITY OF ANDORRA

Lieu

• Andorre

Description

The framework loan will support investments in electricity generation, transmission, distribution, district heating and cooling production and distribution in Andorra, in the period 2024-2028.

Objectifs

The aim is to support climate change mitigation beyond the EU borders. The project will improve the quality of electricity supply, develop district heating and enhance Andorra's electricity interconnection with Spain, while contributing to the national goal of achieving at least 33% of electricity demand supplied by national sources by 2030.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Montant BEI envisagé (montant approximatif)

EUR 60 million

Coût total (montant approximatif)

EUR 137 million

Aspects environnementaux

Some of the Project schemes in Andorra would have fallen under Annex I of the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU, requiring an Environmental Impact Assessment (EIA), and Annex II of the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU, requiring the competent national authority to determine the need for an EIA, if they were located within the EU. Schemes that have to do with digitalisation and refurbishment of assets are expected to have limited environmental impact. The Project scheme in Spain falls under Annex I of EIA Directive 2011/92/EU as amended by Directive 2014/52/EU, requiring an EIA. The requirements and status of the permitting procedures will also be further assessed during appraisal. The appraisal will focus on the capacity and capability of the Promoter to implement the programme in line with EIB environmental and social standards and requirements.

Passation des marchés

The promoter has to ensure that implementation of the Project will be done in accordance with the EIB's Guide to Procurement.

Statut

À l'examen - 23/04/2024