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    Signature(s)

    Amount
    € 513,189,857.69
    Countries
    Sector(s)
    United Kingdom : € 513,189,857.69
    Energy : € 513,189,857.69
    Signature date(s)
    2/12/2015 : € 35,415,781.27
    2/12/2015 : € 477,774,076.42
    Link to source

    Summary sheet

    Release date
    2 September 2015
    Status
    Reference
    Signed | 02/12/2015
    20150086
    Project name
    Promoter - financial intermediary
    SMART METERS - PROJECT SPARK
    ACCEPTABLE CORPORATE(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 360 million (EUR 515 million)
    GBP 963 million (EUR 1378 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Installing smart gas and electricity meters for a major energy supplier in the United Kingdom

    The installation of smart meters and the development of remote control capabilities will allow remote readings, near real-time consumption information and better management of the network. The project aims at improving efficiency of the gas and electricity distribution systems as well as customer information and awareness.

    Environmental aspects
    Procurement

    The project comprises the installation of smart meters. The need for an environmental impact assessment (EIA) in accordance with Directive 2011/92/EU is unlikely. The main potential impact on the environment is from the disposal of the old meters.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - SMART METERS - PROJECT SPARK
    Publication Date
    4 Sep 2015
    Document language
    Main Topic
    Lending
    Document Number
    61168748
    Document Focus
    Environmental Information
    Project Number
    20150086
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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