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    Reference: 20140712
    Release date: 29 April 2015

    Promoter – Financial Intermediary




    The project comprises the promoter's investments in research, development and innovation (RDI) in the fields of gas turbines, steam turbines and generators. The project will be carried out mainly in the promoter's research and development (R&D) centre in Genoa and partly by its subsidiary in Rheden (Netherlands).


    The project concerns mainly product development and to some extent new technologies in order to meet the demand for new turbine generations with improved energy efficiency or operating flexibility.


    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 107 million

    Environmental aspects

    The project is expected to be carried out in existing R&D facilities that will not change their already authorised scope due to the project. The need for an environmental impact assessment (EIA) in accordance with Directive 2011/92/EU, as amended by directive 2014/52/EU, is therefore unlikely.


    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.


    Signed - 7/08/2015


    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).

    Related tags

    Italy Industry