Release date: 4 June 2015
Promoter – Financial Intermediary
ACEA SPALocation
Description
The project consists of a 4-year investment programme (2016-2019) to extend and renovate the electricity distribution network serving the area of Rome. The main purpose of the project is to upgrade obsolete hardware, to build or upgrade substations, to improve the security and reliability of electricity supply, and to enable the connections of new system users.
Objectives
The project will enable the promoter to connect new users as well as to maintain or improve the reliability and quality standards of electricity supply.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
The project will concern the implementation of electricity distribution schemes, some of which may require the competent national authority to determine the need for an environmental impact assessment (EIA). The project schemes are expected to have minimal environmental impact.
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 the 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 - 4/08/2015
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).