Alto Garda Power Cogeneration
- Reference: 20070405
- Release date: 12 December 2007
- Italy
The project concerns the design, construction and operation of a new natural gas fired CCGT cogeneration plant (nominal capacity 49 MWe) to be installed adjacent to Italy's largest paper mill operated by Cartiere del Garda SpA (CdG, 80% owner of the promoter, a newly formed SPV), near the town of Riva di Garda in northern Italy.
The project will help to meet growth in electricity demand in Italy. Moreover, the high efficiency of combined heat and power production (about 80%), will contribute to the EU objective of increasing energy efficiency (EE). Increased EE reduces greenhouse gas emissions and energy import dependence, which are key objectives of the EU energy policy. The project is therefore eligible under article 267 c) energy efficiency.
- Energy
About EUR 26 million.
Total cost (Approximate amount)About EUR 70 million.
Environmental aspectsThe project falls under Annex II of Directive 85/337/EC amended 97/11/EC, 2003/35/EC. The competent authority confirmed the environmental compatibility of the plant, exempting it from a full EIA procedure given the reduction in atmospheric emissions compared to those of the existing and previously authorised plant.
The promoter is not subject to EU Procurement Directives. The procedures applied will be reviewed during appraisal to ensure compliance with the Bank's principles of applying suitable procurement procedures to the benefit of the project, including competitive tendering.
Signed - 20/06/2008.
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).
