Release date: 26 May 2014
Promoter – Financial Intermediary
IBERDROLA DISTRIBUCIÓN ELÉCTRICA, S.A.U.Location
Description
Investments under the promoter's 2014-2015 business plan to reinforce, modernise and smarten electricity distribution networks throughout Spain.
Objectives
The project aims at connecting new system users, installing smart meters and improving the quality and the reliability of supply.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 325 million
Total cost (Approximate amount)
EUR 681 million
Environmental aspects
By their technical characteristics, some project schemes fall under Annex II of the EIA Directive (2011/92/EU), leaving it to the national competent authority to decide whether an EIA would be required. However, none of the schemes is expected to require a full EIA. The impacts that can be typically expected for these schemes relate to visual impact, vegetation clearance, impact on flying vertebrates, electromagnetic fields, noise nuisance and disturbance during construction. Most of the project schemes relate to medium and low voltages and are therefore expected to have minimal impact or null environmental impacts.
Procurement
The promoter is a contracting entity that falls under the Utilities Directive 2004/17/EC, and is therefore required to tender works, supplies and services contracts following public procurement rules, including the publication in the Official Journal of the EU (OJEU) where appropriate.
Status
Signed - 25/06/2015
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).