Release date: 20 December 2007
Promoter – Financial Intermediary
Österreichische Elektrizitätswirtschafts-AG
Location
Description
Construction and operation of a 98 km 380 kV high voltage overhead line from the Kainachtal substation near Graz in Styria to the Rotenturm substation in Burgenland.
Objectives
The project constitutes a north-south HV power link critical for the regional grid stability. It has been identified as a TEN-e project of European interest in the priority interconnection plan and forms part of a priority axis identified under the revised 2006 TEN-e guidelines.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 85 million.
Total cost (Approximate amount)
EUR 170 million.
Environmental aspects
The project falls under the Annex I of EIA directive 85/337 as amended and requires an EIA, which was issued in 2005. The project was extensively debated in public as well as through the relevant administrative and judicial instances. It received approval in March 2007 by the competent authority, which was confirmed by the relevant courts. Environmental aspects under inclusion of mitigation measures will be assessed during appraisal. Compliance with EU environmental directives and national laws will be verified.
Procurement
The promoter is subject to the requirements of the EU Procurement Directive 93/38/EC (as amended by 2004/17/EC) and committed to compliance.
Status
Signed - 16/06/2008
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).