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PPC TRANSMISSION & DISTRIBUTION V

Signature(s)

Amount
€ 950,000,000
Countries
Sector(s)
Greece : € 950,000,000
Energy : € 950,000,000
Signature date(s)
14/07/2011 : € 160,000,000
13/05/2013 : € 190,000,000
15/12/2009 : € 250,000,000
2/12/2010 : € 350,000,000
Link to source

Summary sheet

Release date
10 September 2009
Status
Reference
Signed | 15/12/2009
20080296
Project name
Promoter - financial intermediary
PPC Transmission & Distribution V
Public Power Corporation S.A. (PPC)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Under appraisal.
Under appraisal.
Location
Sector(s)
Description
Objectives

The project consists of a 4-year investment programme (2008-2011) aimed at reinforcing and extending the promoter’s transmission and distribution electricity networks throughout Greece.

The project will promote the development of the transmission and distribution electricity networks in Greece. The project will enable the promoter to cater for demand growth, to improve the quality and the reliability of supply and to support the connection and the efficient exploitation of traditional and renewable generation resources.

Environmental aspects
Procurement

Some schemes of the project involving long 400 kV overhead lines will fall under Annex I of the EIA Directive 85/337/EEC, as amended, while the remainder will fall under ANNEX II, leaving it to the national competent authority to decide whether an EIA would be required in line with the screening criteria specified in the directive. However, many project schemes are expected to be distribution reinforcements that will not require formal EIAs and will have minimal or no environmental impact.

The impacts that can be typically expected for the project schemes relate to visual impact, vegetation clearance, electromagnetic fields, noise nuisance, and disturbance during construction. The EIA screening criteria applied by the national competent authority in Greece and the provisions for biodiversity assessment of projects will be investigated during appraisal.

EIB will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, including publication of tender notices in the Official Journal of the EU as and where appropriate.

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).

News & Stories

General enquiries and comments

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

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.

Zero tolerance against fraud and corruption

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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