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    Reference: 20130682
    Release date: 29 October 2015

    Promoter – Financial Intermediary

    2I RETE GAS SPA

    Location

    Description

    Installation of smart metering systems in the distribution networks of 2i Rete Gas throughout Italy

    Objectives

    The project is part of the promoter's on-going investment programme in its concession areas. The investments are envisaged to be allocated to the installation of smart metering systems in the distribution networks. These investments are aligned with the requirements of the regulatory framework, should improve the quality of service and have the potential to increase efficiency for the gas distribution sector, including potential energy savings due to customers' increased awareness of gas consumption.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 415 million

    Environmental aspects

    Based on their technical characteristics, the project schemes are not likely to require environmental impact assessments. The anticipated typical impact is minor, mainly temporary in nature, related to installation works as well as waste management, and can usually be well managed by appropriate measures taken by the company implementing the project, also according to European standards (ISO 14001).

    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 relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 18/12/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Italy Energy