Release date: 28 July 2004
Promoter – Financial Intermediary
ASM Brescia SpA, a Municipal operator providing energy, water and waste services mainly in the town and surrounding province of Brescia in northern Italy (Lombardy region).Location
Description
Investments for conversion to Combined Cycle Gas Turbine (CCGT) operation of existing oil-fired electricity generating plant at Ponti sul Mincio and the construction of a new CCGT plant at Gissi.
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 200 m.
Total cost (Approximate amount)
About EUR 400 m.
Environmental aspects
Project investments at Ponti sul Mincio are designed to improve the efficiency of electricity production and hence to reduce energy losses and atmospheric emissions. Efficiency improvements are substantial for CCGT conversions since energy efficiency will increase from a present 40% to over 55%. Following EU Directives and national legislation, national authorities issued authorisations for the upgrade of the plant at Ponti sul Mincio within the scope of existing permits taking also into account the reduction of specific atmospheric emissions. Permits for the plant at Gissi were issued following a full EIA procedure.
Procurement
The promoter’s procurement procedures comply with the relevant EU and national legislation.
Status
Signed - 31/05/2004
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).