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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Romania : € 200,000,000
Energy : € 200,000,000
Signature date(s)
20/11/2024 : € 200,000,000
Link to source

Summary sheet

Release date
26 November 2024
Status
Reference
Signed | 20/11/2024
20230659
Project name
Promoter - financial intermediary
DELGAZ ELECTRICITY DISTRIBUTION
DELGAZ GRID SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 629 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project consists in an investment programme in electricity distribution in Romania, covering the period 2024-2027. The programme includes investments in high, medium and low voltage networks, metering, as well as network automation. It includes elements of the CARMEN (Carpathian Modernisation of Energy Network) Project of Common Interest.

The project is expected to modernise and expand the promoter's distribution network, by supporting its efficient operation, contributing to the integration of Renewable Energy Sources (RES), and catering for the connection of new customers.

Environmental aspects
Procurement

The investment programme comprises several electricity distribution schemes with voltages ranging from 0.4 kV up to 110 kV. Some of these schemes may fall under Annex II of 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. Where, and if applicable, the requirements of Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be verified during appraisal. The programme schemes related to automation and metering are expected to have limited environmental impact. The environmental and social due diligence will follow the programme lending approach according to the EIB's procedures and standards. It will focus on the Promoter's capacity to implement the programme in line with the EIB environmental and social standards and requirements.

The EIB will require the promoter to ensure that contracts for implementation of the project are tendered in accordance with the applicable EU procurement legislation, 2014/25/EU as well as Directive 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.

Milestone
Under appraisal
Approved
Signed
28 August 2024
20 November 2024
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) - DELGAZ ELECTRICITY DISTRIBUTION
Publication Date
11 Dec 2024
Document language
Main Topic
Lending
Document Number
190505960
Document Focus
Environmental Information
Project Number
20230659
Sector(s)
Regions
Countries
Publicly available
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