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Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Portugal : € 75,000,000
Energy : € 75,000,000
Signature date(s)
28/05/2010 : € 75,000,000
Link to source

Summary sheet

Release date
24 June 2009
Status
Reference
Signed | 28/05/2010
20080727
Project name
Promoter - financial intermediary
Electricidade da Madeira II

EEM, Empresa de Electricidade da Madeira S.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million.
Currently estimated at EUR 160 million.
Location
Sector(s)
Description
Objectives

The project is a multi-scheme program to upgrade the electricity generation, transmission and distribution infrastructure on the Autonomous Region of Madeira.

The purpose of the project is to ensure secure, reliable and cost-efficient provision of electricity on the archipelago of Madeira.

Environmental aspects
Procurement

The project is expected to comply with Community policy and legislation in the field of the environment, to be confirmed during the appraisal.

The promoter is a contracting entity in terms of the directive 2004/17/EC and specifically mentioned in the Annex II of this directive. The promoter is therefore obliged to implement the procurement according to the public procurement requirements of this directive. The promoter’s procurement procedures will be further examined during the appraisal.

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).

Documents

Environmental and Social Impact Assessment (ESIA) - ELECTRICIDADE DA MADEIRA II - Estudio de Impacte Ambiental - Resumo Não Técnico
Publication Date
6 Jan 2021
Document language
Main Topic
Lending
Document Number
130817747
Document Focus
Environmental Information
Project Number
20080727
Sector(s)
Regions
Countries
Publicly available
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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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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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