ITALY-FRANCE INTERCONNECTOR

Promoter – Financial Intermediary

PIEMONTE SAVOIA SRL, TERNA SPA

Location

• Italy

Description

The project consists of the Italian part of the high voltage direct current (HVDC) link Piedmont-Savoy connecting France (Grand-Ile, Savoy ) and Italy (Piossasco, Piedmont) across the Alps. The interconnector comprises two independent HVDC bipoles having a rated capacity of 600 MW each. Each bipole consists of two converters and two 190 km-long underground cables. The cables will be, wherever possible, integrated with existing roads and motorway infrastructures. The Alps will be crossed through the second Frejus motorway tunnel currently being implemented between Bardonecchia and Modane.

Objectives

The project will contribute to substantially increasing the transmission capacity of the France-Italy connection, thereby enhancing electricity market integration.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 298 million

Total cost (Approximate amount)

EUR 783 million

Environmental aspects

The impact that can be expected from the project is mainly associated with the construction phase. It may include noise, vibrations, traffic disruption, pollution from construction machinery, terrain excavation and disposal of the associated waste. Environmental studies have been carried out and mitigating and/or compensation measures will be applied as necessary.

Procurement

The Bank will require the promoters to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, with publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 4/07/2017