Release date: 10 November 2015
Promoter – Financial Intermediary
TERNA - RETE ELETTRICA NAZIONALE SPALocation
Description
Investment programme comprising several new/extended electricity transmission facilities geographically dispersed throughout Italy
Objectives
The main purpose of these facilities is to integrate renewable generation into the grid, abate congestion, improve voltage regulation and reinforce some areas of the network in order to maintain the reliability standard.The programme also includes several sub-projects aiming to improve network operation and maintenance and strengthen network resilience to extreme contingencies, security threats and natural hazards.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 153 million
Total cost (Approximate amount)
EUR 307 million
Environmental aspects
Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures will be applied as necessary.
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 - 17/12/2015
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).