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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

    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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