Release date: 12 October 2016
Promoter – Financial Intermediary
ITALGAS SOCIETA ITALIANA PER IL GAS SPA
2017-2020 roll-out of gas smart meters
The project aims to improve efficiency of the gas distribution system as well as to increase customer information and awareness. The project will allow remote reading and more frequent consumption information, with a potential positive impact on the operation of the networks.
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 620 million
Based on their technical characteristics, the installation of smart meters and their operational systems do not require environmental impact assessments. The main environmental considerations expected to arise relate to issues around the handling, disposal and storage of large volumes of old gas meters. During appraisal, the promoter's environmental, health and safety procedures will be assessed to determine that they are acceptable and in line with Bank environmental and social (E&S) requirements.
The Bank will require the promoter to ensure that contracts for the implementation of the project are tendered in accordance with public procurement rules as defined in the relevant applicable EU procurement legislation.
Signed - 1/12/2016
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).