Release date: 29 October 2015
Promoter – Financial Intermediary
2I RETE GAS SPALocation
Description
Installation of smart metering systems in the distribution networks of 2i Rete Gas throughout Italy
Objectives
The project is part of the promoter's on-going investment programme in its concession areas. The investments are envisaged to be allocated to the installation of smart metering systems in the distribution networks. These investments are aligned with the requirements of the regulatory framework, should improve the quality of service and have the potential to increase efficiency for the gas distribution sector, including potential energy savings due to customers' increased awareness of gas consumption.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 415 million
Environmental aspects
Based on their technical characteristics, the project schemes are not likely to require environmental impact assessments. The anticipated typical impact is minor, mainly temporary in nature, related to installation works as well as waste management, and can usually be well managed by appropriate measures taken by the company implementing the project, also according to European standards (ISO 14001).
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 18/12/2015
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).