Release date: 17 January 2012
Promoter – Financial Intermediary
HERA S.p.A.
Location
Description
The project is part of the Promoter’s ongoing investment programme to upgrade and expand its gas and electricity distribution networks in some of its concession areas. The investments are expected to be aligned with the requirements of the relevant regulatory frameworks.
The project will allow the Promoter to continue developing the distribution networks to meet market growth as well as ensuring that sufficient capacity is available to meet peak demands.
Objectives
The project will enable the Promoter to cater for demand growth, reduce losses, and to improve the quality and the reliability of electricity and gas supply.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 125 million
Total cost (Approximate amount)
Up to EUR 260 million
Environmental aspects
Current information suggests that the project components will fall under Annex II of the Environmental Impact Assessment Directive (85/337/EEC as amended in 1997 and 2003), requiring the competent authority to determine the need for an EIA in line with the Directive. This will be further assessed during appraisal.
Procurement
The Promoter tenders works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.
Status
Signed - 30/05/2012