Release date: 30 May 2003
Promoter – Financial Intermediary
TERNA Energy S.A.
Contact: Mr K. Demopoulos
Location
Description
Then project comprises seven wind farms with a combined capacity of 144 MW.
Objectives
The project supports Greek and EU policy promoting the production of electricity from renewable sources. The project’s output replaces fossil-fuel power electricity generation, and thus contributes to the reduction of CO2 and other harmful emissions released to the atmosphere.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 75 million
Total cost (Approximate amount)
Estimated at EUR 170 million
Environmental aspects
The Bank requires the promoter to comply fully with all relevant EU legislation in the field of the environment.
Procurement
The Bank requires the promoter to comply fully with the provisions of the relevant EU procurement legislation.
Status
Signed - 30/06/2003
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).