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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Greece : € 75,000,000
Energy : € 75,000,000
Signature date(s)
30/06/2003 : € 75,000,000
Link to source

Summary sheet

Release date
30 May 2003
Status
Reference
Signed | 30/06/2003
20020538
Project name
Promoter - financial intermediary
TERNA Renewable Energy

TERNA Energy S.A.
Contact: Mr K. Demopoulos

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 75 million
Estimated at EUR 170 million
Location
Sector(s)
Description
Objectives

Then project comprises seven wind farms with a combined capacity of 144 MW.

The project supports Greek and EU policy promoting the production of electricity from renewable sources. The project’s output replaces fossil-fuel power electricity generation, and thus contributes to the reduction of CO2 and other harmful emissions released to the atmosphere.

Environmental aspects
Procurement

The Bank requires the promoter to comply fully with all relevant EU legislation in the field of the environment.

The Bank requires the promoter to comply fully with the provisions of the relevant EU procurement legislation.

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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