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    Reference: 20160474
    Release date: 11 October 2016

    Promoter – Financial Intermediary

    ALPERIA SPA

    Location

    Description

    Investments in Alperia's hydroelectric power plants located in the province of Bolzano in the north-east of Italy

    Objectives

    To maintain or improve the reliability and safety of existing renewable energy facilities and to increase electricity production through improvements in plant and equipment efficiency

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 162 million

    Environmental aspects

    The project includes some facilities that fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), which requires the competent authority to determine the need for an EIA. As the plants already exist and have been operating for some time, the main impact that can be expected relates to noise nuisance and other disturbance during construction. According to the promoter, an environmental study could be required for the plant where the dam height will be increased to improve flood management. For the asbestos removal a special permit is required. The appraisal will focus on these aspects and on the promoter's environmental capacity and work procedures.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been or shall be tendered in accordance with the relevant applicable EU procurement legislation (i.e. Directives 2014/23/EU, 2014/24/EU and/or 2014/25/EU, where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of ender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 6/12/2017

    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

    Italy Energy