Release date: 15 April 2010
Promoter – Financial Intermediary
REN Rede Eléctrica Nacional S.A.
Location
Description
Investment programme aiming to reinforce and extend the electricity transmission network throughout Portugal.
Objectives
The programme will support the EU’s energy policy objectives as well as help economic development in convergence regions.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 million.
Total cost (Approximate amount)
Up to EUR 302 million.
Environmental aspects
According to the screening carried out by the Portuguese competent authorities, 17 project components require Environmental Impact Assessment. Among them, 4 have already received environmental impact declaration and 7 are currently undergoing the EIA process; the EIAs of the remainder 6 components have not started yet. The impacts that can be typically expected for the project schemes are generally modest and mainly relate to vegetation clearance, visual impact, electromagnetic fields, disturbance during construction and impact on flying vertebrates.
Procurement
REN follows public procurement procedures in accordance with the Directive 2004/17/EC, whose compliance will be confirmed during appraisal.
Status
Signed - 12/10/2010
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).