Summary sheet
Caruna Oy and Caruna Espoo Oy will invest to weather-proof transmission and distribution networks in Finland to enhance the security of supply.
Distribution network modernisation and modification to increase security of electricity supply.
The programme includes certain number of facilities that fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU) which requires the competent national authority to determine the need for an EIA. 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.
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