Release date: 15 February 2012
Promoter – Financial Intermediary
UK Power Networks Ltd
Location
Description
Rehabilitation and upgrade of three electricity distribution grids in London, Eastern and South-Eastern England 2012-2015
Objectives
The Project is a 3-year investment programme aimed at renovating and reinforcing the electricity distribution networks of three licensed Distribution Network Operators (DNOs) serving the city of London, the East of England or the South East of England. The Project comprises the implementation of a large number - several thousands - of electricity distribution schemes from low voltage up to 132 kV. The Project also includes research and development activities (R&D) involving the trial of new network technologies and functionalities to facilitate the transition to a “smarter” distribution network.
Sector(s)
Proposed EIB finance (Approximate amount)
GBP 300 million (EUR 358.51 million)
Total cost (Approximate amount)
Estimated at GBP 985.10 million (EUR 1 126 million)
Environmental aspects
Environmental impact studies have been/shall be carried out in compliance with the relevant EU and national environmental legislation and mitigating measures will be applied as necessary.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the Project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 19/12/2012
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).