Release date: 25 July 2013
Promoter – Financial Intermediary
OPERATOR GAZOCIAGOW PRZESYLOWYCH GAZ - SYSTEM SALocation
Description
Construction of the LWOWEK-ODOLANOW gas pipeline in Poland, contributing to increased system capacity, energy security and diversification of natural gas supplies.
Objectives
The project would add capacity and robustness to the existing Polish gas transmission system and allow better connectivity to new gas supplies, including the Swinoujscie LNG terminal. Increasing penetration of gas will displace less efficient and more polluting sources of energy, thereby contributing to EU objectives of rational use of energy and environmental protection. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and/or point (c) common interest.
Comments
Sector(s)
- Energy - Transportation and storage
Proposed EIB finance (Approximate amount)
PLN 410 million (EUR 98 million)
Total cost (Approximate amount)
PLN 1008 million (EUR 241 million)
Environmental aspects
Current information suggests that the project components will fall under Annex I of the Environmental Impact Assessment Directive (2011/92/EU), requiring the Promoter to undertake an EIA.
Procurement
The investments under the project are subject to the national and EU procurement provisions defined for entities operating in the water, energy, transport and postal services sectors.
Status
Signed - 16/06/2014
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).