Release date: 3 October 2011
Promoter – Financial Intermediary
The Promoter is multi-utility operating in the electricity, gas, district heating, solid waste and water sectors mainly in the North of Italy.
Location
Description
The project concerns the development of the district heating network in the Milan metropolitan area.
Objectives
The project, which is in line with the EU energy and climate change objectives, will increase energy efficiency and reduce green house gas emissions and the relative footprint.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million
Total cost (Approximate amount)
Up to EUR 200 million
Environmental aspects
Due to their characteristics, the majority of the project schemes fall under Annex II of the EIA Directive 85/337/ECC as subsequently amended.
Procurement
The Promoter is a contracting entity that falls under the Utilities Directive 2004/17/EC and 2004/18/EC. Based on previous Bank’s experience, the Promoter applies procurement procedures that are in line with the Directive.
Status
Signed - 2/12/2011