Release date: 17 January 2003
Promoter – Financial Intermediary
EniPower S.p.A.Location
Description
The project concerns the design, construction and operation of the following combined cycle gas turbines (CCGT) in Italy:
- Three 390 MWe units will be located inside the petrochemical site in Brindisi (Objective 1 area). Considering also the 3 existing units with a joint capacity of 81 MWe, the planned total installed capacity of this new plant will be 1,251 MWe. The project includes the construction of an 11.7-km 380-kV transmission line to connect the plant to the public grid (of which 1.1 km will be underground in order to minimise the environmental impact in the vicinity of urban areas).
- Two 390 MWe units will be located inside the petrochemical site in Mantova. The planned total installed capacity of this new plant will thus be 780 MWe. The project includes the construction of an 8-km 380-kV transmission line to connect the plant to the public grid (of which 3 km will be underground to minimise the environmental impact in the vicinity of urban areas).
Objectives
The project will improve the efficiency of electricity and heat production in Italy by the use of modern combined cycle technology (cogeneration). The addition of cost-effective generation capacity is particularly important in the context of market liberalisation, relatively high electricity tariffs and import requirements of 15% of domestic demand. The large majority of its electricity production of the two new plants will be delivered to the public grid, while steam will be supplied to the companies located in the same industrial site. The project will also reduce atmospheric emissions through the shutdown of conventional existing generation units.
Comments
Electricity generation
Sector(s)
Proposed EIB finance (Approximate amount)
Of the order of EUR 400 million
Total cost (Approximate amount)
Of the order of EUR 1000 million
Environmental aspects
Both power plants are undergoing a formal Environmental Impact Assessment process according to European legislation. The process is in the conclusive stage and available documents indicate significant emission reductions resulting from the shutdown of conventional existing generation units.
Procurement
The promoter carries out formal international tendering for all works contracts and equipment following the relevant national legislation, including publication in the Official Journal of the European Communities when appropriate.
Status
Signed - 16/05/2003
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).