Release date: 28 April 2003
Promoter – Financial Intermediary
Endesa Italia SpA, a newly created joint-venture that acquired some 5.7 GWe of electricity generating capacity from ENEL as part of the process of sector de-regulation in Italy.Location
Description
Investments for the upgrade to CCGT (Combined Cycle Gas Turbine) and conversion to natural gas operation of two large oil-fired plants each of about 1 250 MWe capacity.
Objectives
To improve the energy efficiency of generating capacity and to reduce specific atmospheric emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million
Total cost (Approximate amount)
About EUR 800 million
Environmental aspects
Project investments are designed to improve energy production efficiency and hence to reduce energy losses and atmospheric emissions. Efficiency improvements are substantial for CCGT conversions since energy efficiency will increase from a present 35% to over 50%. Following EU Directives and national legislation, national authorities issued authorisations for the upgrade of these two plants within the scope of existing permits taking also into account the reduction of specific atmospheric emissions.
Procurement
The promoter’s procurement procedures comply with the relevant EU legislation, in particular with Directive 93/38/EEC.
Status
Signed - 31/07/2003
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).