Release date: 21 April 2010
Promoter – Financial Intermediary
Fingrid Oyj
Location
Description
The extension of Fenno Skan cable through the implementation of a second pole.
Objectives
Increase by circa 40% the transmission capacity between Finland and Sweden, and therefore improve electricity market integration and security of supply.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 150 million.
Total cost (Approximate amount)
Approximately EUR 300 million.
Environmental aspects
Both the Finnish and Swedish parts of the project underwent Environmental Impact Analysis, including appropriate biodiversity assessment, and received environmental and administrative approvals from the respective national authorities. No significant long-term impacts are expected to result from project construction and operation.
Procurement
The contracts for the implementation of the project were procured following procedures governed by the EU Directive 2004/17/EC.
Status
Signed - 29/11/2010
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).