Release date: 29 April 2013
Promoter – Financial Intermediary
TERNA - RETE ELETTRICA NAZIONALE SPALocation
Description
The Project consists of a multi-component investment programme aimed at reinforcing the Italian electricity transmission system. The programme indicatively encompasses 14 large transmission sub-projects located across several regions of Italy, including an electricity storage pilot project based on sodium sulfur stationary batteries.
Objectives
The proposed Project aims to reduce congestion, improve the reliability and quality of supply and support the integration of renewable generation facilities in the Italian power system. A significant part of the investments is located in the country's southern regions which are convergence regions. By supporting the integration of renewable generation facilities, notably onshore wind, the project will also contribute to reducing CO2 emissions. Finally, operating activities related to grid applications of sodium sulfur stationary batteries could support innovation and technical development in the field of electricity storage.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 570 million
Total cost (Approximate amount)
EUR 1160 million
Environmental aspects
By their technical characteristics some sub-projects of the programme fall under Annex I or Annex II of the EIA Directive. The impacts that can be typically expected for these sub-projects relate to visual impact, vegetation clearance, electromagnetic fields noise nuisance, birds’ collision and mortality and impact on sea-bed flora and fauna. Environmental impact studies have been carried out as applicable and mitigating and/or compensation measures will be applied as necessary.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EC/ and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 8/07/2013
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).