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Signature(s)

Amount
€ 51,891,143.92
Countries
Sector(s)
United Kingdom : € 51,891,143.92
Energy : € 51,891,143.92
Signature date(s)
8/06/2016 : € 51,891,143.92
Link to source

Summary sheet

Release date
19 May 2016
Status
Reference
Signed | 08/06/2016
20160114
Project name
Promoter - financial intermediary
CALVIN SMARTMETER PROGRAMME
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 40 million (EUR 53 million)
GBP 1665 million (EUR 2174 million)
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Framework facility to support the roll-out of portfolios of smart gas and electricity meters for a number of energy suppliers in Great Britain.

The installation of smart meters and the development of remote control capabilities will allow remote readings, near real-time consumption information and better management of the network. The project aims at improving efficiency of the gas and electricity distribution systems as well as customer information and awareness.

Environmental aspects
Procurement

The project comprises the installation of smart meters. Based on technical characteristics of the project it is unlikely that environmental impact assessment (EIA) will be required. The main potential impact on the environment is from the disposal of the old meters.

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

Comments

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

Link to source
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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).

Documents

Environmental and Social Data Sheet (ESDS) - CALVIN SMARTMETER ROLL-OUT
Publication Date
15 Jul 2016
Document language
Main Topic
Lending
Document Number
67713848
Document Focus
Environmental Information
Project Number
20160114
Sector(s)
Regions
Countries
Publicly available
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