Release date: 11 July 2013
Promoter – Financial Intermediary
GRDFLocation
Description
Installing smart gas meters for the GrDF distribution network in France
Objectives
Competitive and secure energy, energy savings beneficial to 11 million consumers connected to the GrDF network
Comments
The total project cost period is 2014-2018
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 464 million
Environmental aspects
For this project, it is unlikely that any environmental impact assessments will be required. The main potential impact on the environment is likely from the disposal of the old meters being substituted by this project.
The project will reduce the physical reading and maintenance requirements, thus reducing the Promoter’s car fleet emissions and allowing general efficiency gains for the gas system in France.
Procurement
The investments under the project are subject to the procurement provisions defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sectors.
Status
Signed - 6/10/2014
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).