Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20150086
    Release date: 2 September 2015

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    Installing smart gas and electricity meters for a major energy supplier in the United Kingdom

    Objectives

    The installation of smart meters and the development of remote control capabilities will allow remote readings, near real-time consumption information and better management of the network. The project aims at improving efficiency of the gas and electricity distribution systems as well as customer information and awareness.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    GBP 360 million (EUR 515 million)

    Total cost (Approximate amount)

    GBP 963 million (EUR 1378 million)

    Environmental aspects

    The project comprises the installation of smart meters. The need for an environmental impact assessment (EIA) in accordance with Directive 2011/92/EU is unlikely. The main potential impact on the environment is from the disposal of the old meters.

    Procurement

    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.

    Status

    Signed - 2/12/2015

    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

    United Kingdom Energy