According to the project description issued by the EIB, The project is a 430MW pumped storage scheme for hydroelectric power generation, located within the boundaries of the municipalities of Mühltal, Reisseck and Zandlach (Kärnten) at an altitude between 1600m and 2300m. It makes use of existing reservoirs and consists mainly of a new underground system of around 6km long water and access tunnels, the new Reisseck II pump and turbine house and a 3.5km long underground high voltage transmission cable..

The objective of the project is defined as following: The project supports EU and national energy objectives.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.