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UK POWER NETWORKS - RIIO-ED1 NETWORKS UPGRADE

Signature(s)

Amount
€ 623,194,920.57
Countries
Sector(s)
United Kingdom : € 623,194,920.57
Energy : € 623,194,920.57
Signature date(s)
10/02/2017 : € 58,623,519.76
10/02/2017 : € 58,623,519.76
10/02/2017 : € 58,623,519.76
22/02/2016 : € 102,245,568.29
22/02/2016 : € 134,197,308.39
22/02/2016 : € 210,881,484.61

Summary sheet

Release date
12 November 2015
Status
Reference
Signed | 22/02/2016
20140659
Project name
Promoter - financial intermediary
UK POWER NETWORK - RIIO-ED1 NETWORKS UPGRADE
UK Power Networks
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 708 million (GBP 500 million)
EUR 1699 million (GBP 1200 million)
Location
Sector(s)
Description
Objectives

Renovating and reinforcing the electricity distribution networks throughout the London area, eastern England and south-eastern England

Distribution network upgrade, expansion and improvement.

Environmental aspects
Procurement

The majority of the project will concern the implementation of high, medium and low-voltage schemes that are expected to have minimal environmental impact. Some of the high-voltage project schemes may fall under Annex II of the Environmental Impact Assessment (EIA) Directive thus requiring a review by the competent authority with due regard to the necessity for an environmental and biodiversity assessment. The environmental aspects of the project will be appropriately assessed as part of the Bank's appraisal process.

The Bank 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 (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Comments

None

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 Data Sheet (ESDS) - UK POWER NETWORKS - RIIO-ED1 NETWORKS UPGRADE
Publication Date
30 Jan 2016
Document language
Main Topic
Lending
Document Number
64466955
Document Focus
Environmental Information
Project Number
20140659
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - UK POWER NETWORKS - RIIO-ED1 NETWORKS UPGRADE
Publication Date
10 Nov 2022
Document language
Main Topic
Lending
Document Number
154571647
Document Focus
Environmental Information
Project Number
20140659
Sector(s)
Regions
Countries
Publicly available
Download now

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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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