EVN ELECTRICITY NETWORKS

Promoter – Financial Intermediary

EVN AG

Location

• Austria

Description

Selected investments covering the extension of electricity networks in Lower Austria during 2013-2016.

Objectives

The project will promote the modernization and the development of electricity distribution networks in Lower Austria. It will enable the promoter to maintain/improve the current levels of network reliability and safety, to cater for demand growth and will assist the integration of renewable distributed generators. The project is therefore eligible under article 309 of the Treaty point c) Common Interest. The financing of the project would contribute to the EIB’s lending priority policy on security and diversification of internal supply and development of renewable energy.

Sector(s)

• Energy

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

Not disclosed.

Environmental aspects

One part of the project covers the construction and the enhancement of high voltage lines and substations to connect new wind power stations. Another part of the project will concern the implementation of medium and low voltage schemes. The project is expected to have minimum environmental impacts. If environmental impact assessments are required, such studies shall be carried out in compliance with the relevant EU and national environmental legislation and mitigating measures need to be implemented 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 - 27/11/2013