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    Signature(s)

    Amount
    € 440,000,000
    Countries
    Sector(s)
    Spain : € 440,000,000
    Energy : € 440,000,000
    Signature date(s)
    3/12/2019 : € 440,000,000

    Summary sheet

    Release date
    24 September 2019
    Status
    Reference
    Signed | 03/12/2019
    20190070
    Project name
    Promoter - financial intermediary
    ELECTRICITY NETWORK MODERNISATION & DEVELOPMENT
    IBERDROLA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 440 million
    EUR 887 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project is part of the promoter's investment plan to modernize and develop the electricity distribution networks in several provinces of Spain, some of which are classified as less-developed or transition regions. The operation will finance the expansion, renovation and digitalisation of the promoter's electricity distribution network throughout 2019 and 2020. The investments will be located in several Spanish regions.

    The overall purpose of the project is to modernise the electricity distribution network in order to maintain or improve the quality of electricity supply, cater for new system users and improve the overall operational efficiency of the distribution system operator.

    Environmental aspects
    Procurement

    The program concerns electricity distribution schemes and comprises overhead lines with voltage levels up to 132 kV, some of which will usually fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU which requires the competent national authority to determine the need for an EIA. The need of EIA for individual components and the screening decisions from the competent authorities will be further investigated during appraisal. The main impacts that can be typically expected for the program relate to noise nuisance and disturbance during construction, vegetation clearance, visual impact, electromagnetic fields as well as on flying vertebrates. The actual impacts as well as the planned mitigation measures will be reviewed during appraisal.

    The EIB will require the Promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/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.

    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) - ELECTRICITY NETWORK MODERNISATION & DEVELOPMENT
    Publication Date
    19 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    95823323
    Document Focus
    Environmental Information
    Project Number
    20190070
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ELECTRICITY NETWORK MODERNISATION & DEVELOPMENT
    Publication Date
    28 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    165561134
    Document Focus
    Environmental Information
    Project Number
    20190070
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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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