Release date: 21 May 2012
Promoter – Financial Intermediary
ACEA S.p.A.Location
Description
Investments to reinforce and extend the electricity distribution network in the Rome metropolitan area
Objectives
The project will enable the promoter to cater for demand/peak demand growth in specific areas of the network, to reduce losses, and to improve the quality and the reliability of electricity supply.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 255 million
Environmental aspects
Current information suggests that the project components could 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 - 25/10/2012
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).