| Project Detail |
The programme will finance investment schemes in the electricity distribution network in Western Poland over the period 2023-2025.
Additionality and Impact
The programme comprises investments in the electricity distribution network in Western Poland over the period 2023-2025. It addresses the needs for the renewal of assets and development, including automation and tele-control. The programme contributes to maintaining or increasing security of supply and to the integration of low-carbon generation. 100% of the programme will benefit Cohesion regions.
The programme addresses market failures linked to negative environmental externalities (reducing GHG emissions) and the supply of public goods (security of power supply). It contributes to Banks ELP, lending priority objectives on CA&ES and it aligns with the REPowerEU. In line with the EU Taxonomy, electricity grid in Europe contributes to climate change mitigation.
The project is expected to deliver very good economic and social benefits.
The promoter is experienced in works of this nature and has a sound project management system in place.
The long tenor of the EIB loan (18) is in line with the economic life of the underlying assets. The funding of similar maturities is not available on the Polish market. Customised terms such as flexible drawdown are of value to the Promoter because of the multiannual Projects implementation period. Moreover, the EIB involvement should have a crowding-in effect.
Objectives
The aim is to enable the promoter to maintain high quality of services and lower losses across their electricity distribution network, as well as to connect new users. The programme will also contribute to the integration of renewable energy generation increasing renewable capacity connected to the distribution network.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
PLN 2000 million (EUR 461 million)
Total cost (Approximate amount)
PLN 4395 million (EUR 1012 million) |
