INVESTMENT PROGRAMME EANDIS (EIB-20160068)

Countries
  • Belgium
Where the impacts of the investment may be experienced.
Specific Location
Flemish region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 279.88 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 250.00 million
Converted using 2016-09-01 exchange rate.
Loan Amount (USD)
$ 279.88 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 250 million
Converted using 2016-09-01 exchange rate.
Project Cost (USD)
$ 1,567.31 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 1400.00 million
Converted using 2016-09-01 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 24, 2018

Disclosed by Bank Sep 1, 2016


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Project Description

According to EIB website, the project is part of the promoter's investment plan to modernise and develop the electricity and gas distribution systems in the Flemish region. It intends to maintain and improve the quality and security of supply and allow integration of new renewable generation capacity. The project is expected to modernise and support the efficient operation of a major part of the electricity and gas distribution grids in Belgium, and to maintain and improve the reliability and quality of supply.

It will be ensured that this project is implemented in compliance with the EU legislation in terms of environmental and social aspects.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure.

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