Release date: 9 November 2012
Promoter – Financial Intermediary
AZIENDA GENERALE SERVIZI MUNICIPALI DI VERONA SPALocation
Description
The project is part of the Promoter’s on-going investment programme to upgrade and expand its gas and electricity distribution networks in its concession areas, in the Veneto region. The Promoter is also planning several investments in the renewable energy sector.
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. It will also contribute to increasing the share of renewable energy in the electricity production using domestic hydro and wind resources.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 94 million
Total cost (Approximate amount)
EUR 160 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 is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Dir. 2004/17/EC and Dir. 2007/66/EC, including publication in the EU Official Journal where appropriate.
Status
Signed - 21/12/2012
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).