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SSE RENEWABLE GENERATION

Signature(s)

Amount
€ 156,128,024.98
Countries
Sector(s)
United Kingdom : € 156,128,024.98
Energy : € 156,128,024.98
Signature date(s)
24/06/2002 : € 156,128,024.98
Link to source

Summary sheet

Release date
22 March 2002
Status
Reference
Signed | 24/06/2002
20010597
Project name
Promoter - financial intermediary
SSE Renewable Generation

Scottish and Southern Energy 
Inveralmond House
200 Dunkeld Road
Perth
Perthshire PH1 3HQ

Contact point: G. Alexander

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 100 mio
Estimated to be in the region of GBP 300m for the period 2002-2006
Location
Sector(s)
Description
Objectives

The project comprises the refurbishment and upgrade of several small and medium-scale hydro-electric plants and the installation of several wind farms in various locations in Scotland, with a combined capacity of up to approximately 540 MWe. The plants are expected to be commissioned in the period 2002-2006.

The refurbishment and development of renewable energy capacity, using indigenous sources of energy, will support UK and European targets for renewable energy generation and abatement of CO2 emissions.

Environmental aspects
Procurement

The schemes included in the project fall under Annex II of Directive 97/11/EC. Environmental Impact Assessment (EIA) procedures are carried out where required by the competent authorities and mitigating measures are applied as appropriate. The promoter operates in accordance with an environmental management plan certified to ISO 14001.

Contracts for wind farm construction and refurbishment of hydro-electric plants are tendered on a competitive basis following pre-qualification of contractors, with notices placed in the Official Journal of the European Communities as appropriate.

Comments

Electricity

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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