Release date: 15 April 2014
Promoter – Financial Intermediary
Italy’s main gas transmission company and the largest listed regulated utility in Europe.Location
Description
The project consists of several individual components in the Italian gas transmission system. Compression capacity will be increased in the station of Poggio Renatico and the flexibility of gas flows will be improved by the new Minerbio manifold station. Other components relate to the construction of new gas pipelines, the first one from Minerbio to Poggio Renatico, the second one from Biccari to Campochiaro and the third one from Gavi to Pietralavezzara. Works include the removal of obsolete pipeline sections and the re-connection of consumption regions as appropriate.
Objectives
The project contributes to the security of energy supply and to network modernisation for maintaining quality and reliability. It will support displacing less efficient and more polluting sources of energy, thereby contributing to European Union's objectives of rational use of energy and environmental protection.
Comments
n/a
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 434 million
Environmental aspects
All project components have been subject to environmental impact assessments. The various assessments received approvals from the Italian authorities during the years 2009 to 2013.
Procurement
The investments under the project are subject to the procurement provisions defined in Directive 2004/17/EC and its amendments for entities operating in the water, energy, transport and postal services sectors.
Status
Signed - 18/12/2014
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).