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Signature(s)

Amount
€ 125,000,000
Countries
Sector(s)
Italy : € 125,000,000
Energy : € 125,000,000
Signature date(s)
30/05/2012 : € 125,000,000
Link to source

Summary sheet

Release date
17 January 2012
Status
Reference
Signed | 30/05/2012
20110204
Project name
Promoter - financial intermediary
HERA Group Potenziamento Reti

HERA S.p.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 125 million
Up to EUR 260 million
Location
Sector(s)
Description
Objectives

The project is part of the Promoter’s ongoing investment programme to upgrade and expand its gas and electricity distribution networks in some of its concession areas. The investments are expected to be aligned with the requirements of the relevant regulatory frameworks.

The project will allow the Promoter to continue developing the distribution networks to meet market growth as well as ensuring that sufficient capacity is available to meet peak demands.

The project will enable the Promoter to cater for demand growth, reduce losses, and to improve the quality and the reliability of electricity and gas supply.

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 tenders 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
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - HERA GROUP POTENZIAMENTO RETI
Publication Date
20 May 2015
Document language
Main Topic
Lending
Document Number
59203368
Document Focus
Environmental Information
Project Number
20110204
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - HERA GROUP POTENZIAMENTO RETI
Publication Date
1 Jan 2019
Document language
Main Topic
Lending
Document Number
85206085
Document Focus
Environmental Information
Project Number
20110204
Sector(s)
Regions
Countries
Publicly available
Download now

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.

Media enquiries

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 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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