Terna Reti Elettriche

Italy
The project is located throughout Italy. The investments to be financed, 21% are expected to be located in Objective 1 areas, 60% will benefit Objective 2 areas, and the remaining 19% are located in non-assisted areas.

Description

The proposed operation will support Terna in its investment programme aimed at modernising and increasing capacity in Italy’s electricity transmission network (very high voltage and high voltage). The schemes are expected to be implemented over a 3-year period (2005-2007).

Objectives

The project pays particular emphasis to the Mezzogiorno region in the south of the country and to links with other European countries (energy TENs) where it aims at increasing the transmission capacity between Italy and its neighbouring countries, in particular Switzerland.

Comments

Electricity transmission.

Sector(s)

Energy

Proposed EIB finance (Approximate amount)

Up to EUR 300 m

Total cost (Approximate amount)

The project cost is expected to be in the region of EUR 620 m

Environmental aspects

The environmental impact of the project schemes is expected to be mainly visual. The project will respect the limits on electromagnetic fields set by national legislation, which are in line with EU recommendations. Some of the project schemes are likely to fall under either Annex I or Annex II of Directive 97/11/EC. Investment schemes, which may require, according to their technical characteristics, an EIA represent up to 15% of total project cost. A copy of the Non-Technical Summary (NTS) of any investment requiring a formal EIA must be submitted to the Bank.

Procurement

The promoter follows EU public procurement procedures in accordance with the Utilities Directive 93/38/EC pending transposition of 2004/17/EC into national law.

Status

Signed - 01/03/2005.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

Upgrading of very high voltage and high voltage power grid throughout the country

E-mail

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.