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Signature(s)

Amount
€ 55,000,000
Countries
Sector(s)
Italy : € 55,000,000
Energy : € 55,000,000
Signature date(s)
23/11/2012 : € 55,000,000
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Summary sheet

Summary sheet

Release date
4 July 2011
Status
Reference
Signed | 23/11/2012
20110191
Project name
Promoter - financial intermediary
AES Rete Gas Torino

The promoter is a private entity in charge of the management and operation of the gas distribution and district heating networks in the North of Italy.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 60 million
Up to EUR 120 million
Location
Sector(s)
Description
Objectives

The project is part of the promoter’s ongoing investment programme covering reinforcement and expansion schemes as well as information systems in its concession area. The investments will be aligned with the requirements of the current regulatory framework (2010-2014).

The upgrading and the expansion of the gas distribution and local transmission systems are necessary to maintain a safe, reliable and leak-free service to existing consumers, meet peak demands, and to provide for growth in demand. Any increase of penetration of gas in domestic, commercial and industrial sectors will tend to displace less efficient and more polluting sources of energy, thereby contributing to the EU objectives relating to the reduction of greenhouse gas emissions and the diversification and security of supply of energy.

Environmental aspects
Procurement

Current information suggests that the project components will fall under Annex II of the Environmental Impact Assessment Directive (85/337/EEC as amended in 1997 and 2003), requiring the competent authority to determine the need for an EIA in line with the Directive. This will be further assessed during appraisal.

The Promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.

Link to source
Summary sheet
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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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