Release date: 4 August 2011
Promoter – Financial Intermediary
IREN 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 its concession areas. The investments are expected to be aligned with the requirements of the relevant regulatory frameworks.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million
Total cost (Approximate amount)
Up to EUR 410 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 - 12/12/2011
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).