Release date: 4 July 2008
Promoter – Financial Intermediary
Enemalta Corporation
Location
Description
The project concerns the upgrading of the Maltese power sector with new thermal generating capacity and reinforcements of the electricity supply network.
Objectives
The project is expected to help to cover demand for electricity in Malta and improve the quality of services. The generation of electricity with higher energy efficiency will also allow to achieve savings in fuel consumption and thereby to reduce emissions of pollutants and greenhouse gases.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 140 million.
Total cost (Approximate amount)
EUR 290 million.
Environmental aspects
The Large Combustion Plant Directive (LCPD) imposes staged reductions to SO2, NOx and dust emissions from existing power plants as well as emission limits from new combustion plants. The proposed project is part of Enemalta’s investment programme defined to achieve compliance with LCPD.
Procurement
The project is subject to the EU legislation on procurement. All project assets will be procured in accordance with the provisions of the relevant EU Directives.
Status
Signed - 22/09/2008
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).