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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Finland : € 150,000,000
Energy : € 150,000,000
Signature date(s)
29/11/2010 : € 150,000,000
Link to source

Summary sheet

Release date
21 April 2010
Status
Reference
Signed | 29/11/2010
20090784
Project name
Promoter - financial intermediary
Fingrid Fenno Skan 2 Cable TEN-E

Fingrid Oyj

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 150 million.
Approximately EUR 300 million.
Location
Sector(s)
Description
Objectives

The extension of Fenno Skan cable through the implementation of a second pole.

Increase by circa 40% the transmission capacity between Finland and Sweden, and therefore improve electricity market integration and security of supply.

Environmental aspects
Procurement

Both the Finnish and Swedish parts of the project underwent Environmental Impact Analysis, including appropriate biodiversity assessment, and received environmental and administrative approvals from the respective national authorities. No significant long-term impacts are expected to result from project construction and operation.

The contracts for the implementation of the project were procured following procedures governed by the EU Directive 2004/17/EC.

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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