ANNOUNCEMENT 06 Mar 2020

On 06 March 2020, the EIB provided financing worth EUR 250 million (USD 277 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 06 Mar 2020 | Removal date: open ended

State loan

On 06 March 2020, the European Investment Bank (EIB) and Tennet Holding Bv signed an agreement worth EUR 250 million (approx. USD 277 million) for the project Tennet South-West 380kv West from The Netherlands. The total cost of the project is estimated at EUR 509 million.

According to the project description issued by the EIB, The project comprises the construction of a 43-km long electricity transmission corridor connecting Borssele to Rilland, in the south of Netherlands. It includes a new 380kV line from Borssele to Rilland, combined with a 150kV line for part of the route, a new 380kV substation at Rilland, as well as extension works at the Borssele substation. The project will ensure the compliance of the transmission network with the Grid Code in Netherlands, and it will enable the evacuation of energy from onsh.

The objective of the project is defined as following: The project will ensure compliance of the transmission network with the Grid Code in Netherlands, and so it will enable the transportation of energy also from onshore and offshore windfarms..

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.

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