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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Italy : € 250,000,000
Energy : € 250,000,000
Signature date(s)
15/12/2014 : € 250,000,000
Link to source

Summary sheet

Release date
14 July 2014
Status
Reference
Signed | 15/12/2014
20140016
Project name
Promoter - financial intermediary
HYDROPOWER GENERATION
The Promoter is one of the world’s largest operators of hydroelectric power plants.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 260 million
EUR 347 million
Location
Sector(s)
Description
Objectives

The project concerns the financing of the Promoter’s 6-year investment programme in 61 different hydropower schemes that can be grouped in four main types of interventions: (i) 29 interventions to exploit the release of the minimum downstream environmental water flow; (ii) 17 new interventions to produce electricity through the utilisation of existing water transfers between two or more different hydropower schemes (iii) 11 revamped sites to improve security and operation in general and (iv) four new hydropower plants.

Most of the hydropower plants will be located in Northern Italy (31 plants), followed by 20 plants in Central Italy and 10 plants in Southern Italy. The Promoter has a hydropower portfolio of 200 plants across Italy.

The development of hydropower supports national and European targets related to renewable energy production and thus contributes to climate change and security of energy supply objectives of the EU. Some of the power plants will be developed in areas of Southern Italy which are eligible under the objective of EU convergence.

Environmental aspects
Procurement

The project concerns installations for hydroelectric energy production without large water storage (below 10 million m3), which fall under Annex II of Directive 2011/92/EU leaving the decision of whether an EIA is required to the national environmental authority. The Bank will review the EIAs, permits and environmental management processes during appraisal, including mitigation/compensation measures to be taken and any effects on nature conservation sites.

The Promoter is a public undertaking and therefore is subject to the EU Procurement Directive. 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 (i.e. Directive 2014/25/EU) and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC], with publication of tender notices in the EU Official Journal, as and where required.

Comments

n/a

Link to source
Summary sheet
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) - ENEL HYDROPOWER GENERATION
Publication Date
18 Dec 2014
Document language
Main Topic
Lending
Document Number
53733655
Document Focus
Environmental Information
Project Number
20140016
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - ENEL HYDROPOWER GENERATION - "PIAZETTE"
Publication Date
29 Jan 2016
Document language
Main Topic
Lending
Document Number
53994853
Document Focus
Environmental Information
Project Number
20140016
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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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