| Project Detail |
Construction of the 220kV high Voltage Line between Alumbrera and the new El Eje substation, new HV 132kV line between El Eje and Belén, expansion of Alumbrera and Belén substations
Objectives
The proposed operation consists of a sub-operation of the framework loan Argentina - Transmission Network Investments FL (2022-0186), and it will be co-financed by the Inter-American Development Bank (IDB) and the French Development Agency (AFD). The project will boost transmission capacity increasing the reliability of the network and the hosting capacity to expand renewable energy transmission in the region. The project will contribute to EU policy objectives with regard to combating climate change, to the targets for decarbonisation and greenhouse gas emission reduction, in the context of the Intended Nationally Determined Contributions for Argentina, and to the Sustainable Development Goals, in particular the SDGs 7 (Affordable and Clean Energy) and 13 (Climate Action). The project is also eligible under NDICI (Neighbourhood, Development and International Cooperation Instrument).
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 22 million
Total cost (Approximate amount)
EUR 90 million |
