ANNOUNCEMENT 25 Sep 2014

On 25 September 2014, the EIB provided financing worth EUR 600 million (USD 774 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 25 Sep 2014 | Removal date: open ended

State loan

On 25 September 2014, the European Investment Bank (EIB) and Endesa SA signed an agreement worth EUR 600 million (approx. USD 774 million) for the project Endesa Network Modernisation from Spain. The total cost of the project is estimated at EUR 1725 million.

According to the project description issued by the EIB, Investments under the promoters 2013-2015 business plan to reinforce, modernise and smarten electricity distribution networks throughout Spain..

The objective of the project is defined as following: The program comprises several investment schemes in the electricity sub-transmission and distribution network planned for implementation by Endesa in the years 2013-2015. The program will focus on modernisation and extension of the network. This will enable the Promoter to reduce losses and improve the reliability and quality of electricity supply..

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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AFFECTED PRODUCTS