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ELECTRICITY NETWORK MODERNISATION & DEVELOPMENT

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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.

Zero tolerance against fraud and corruption

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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