According to the Bank’s website, this investment is an allocation of funds under the Enel Energy & Renewable framework loan, consisting of electricity distribution investments in Brazil. These aim to extend and modernise the network, add new renewable energy capacity to the network, reduce losses and improve quality and safety of supply.

The project consists of the financing of the modernisation and extension of the Promoter's electricity distribution networks in the São Paulo region and of the installation of new remote control systems and protections of the grid, with the aim of increasing the its reliability, resilience and reducing the level of losses, leading to better quality and safety of energy supply. A portion of the investment will also enable the connection to additional renewable generation units.

The investment comprises the construction or replacement of LV and MV overhead lines up to a max of 34.5 kV, the development of new electricity distribution facilities, including new metering substations and transformers, as well as other operations of refurbishment, reconstruction or modernisation of existing facilities. The investments are located mainly in urban or sub-urban areas of Sao Paulo. The majority of the interventions are focused on improving metering devices, installation of cables spacer, re-connecter and trip-saver that if located in the EU, would fall neither under Annex I nor under Annex II of the EIA Directive. The remaining components do not require an EIA following Brazilian regulation based on National legislation Resolução Conama nº 1 of 23/01/1986 and the State legislation Resolução Sima nº 29, of 29/04/2020 due to the fact that they are extensions of a previous existing network and the voltage is below the threshold of 69 kV.

No contact information provided at the time of the disclosure.

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