Release date: 26 February 2008
Promoter – Financial Intermediary
JP Elektromreza SrbijeLocation
Description
Design, supply, construction, and operation of six power substations.
Objectives
The project has the purpose of maintaining and improving the reliability and quality of power supply, reducing technical losses, and lowering operation and maintenance costs. The schemes are geographically dispersed all over Serbia.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 50 million
Environmental aspects
The Bank’s services, in co-operation with the European Commission, will take particular care to ensure that proper attention is given to all environmental concerns and appropriate mitigation measures are implemented, in line with the Bank’s relevant guidelines, including issues relating to nature conservation areas.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the Project shall be tendered in accordance with the EIB Guidelines and the relevant applicable EU procurement legislation with parallel publication of tender notices in the EU Official Journal.
Status
Signed - 12/06/2009
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).