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    Reference: 20170995
    Release date: 10 December 2019

    Promoter – Financial Intermediary

    TERNA - RETE ELETTRICA NAZIONALE SPA

    Location

    Description

    The programme concerns investments in the electricity transmission network in Italy to take place in the period 2019-2023. The project includes a large number of refurbishment schemes for high voltage circuits (overhead lines and underground cables) and substations.

    Objectives

    Through EIB financing, Terna will continue to ensure a more reliable supply, in line with the standards set in the regulatory framework, a higher safety and environmental sustainability. Furthermore, the programme will increase operational efficiency, thus it supports the integration of renewable energy.

    Comments

    n/a

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 490 million

    Total cost (Approximate amount)

    EUR 992 million

    Environmental aspects

    Some of the schemes may fall under Annex II of Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU, thus requiring a review by the competent authorities at the planning/consent stage with due regard to the necessity for environmental and biodiversity assessments. The potential impacts of the project include vegetation clearance, noise and disturbance during construction. Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures will be applied as necessary. The environmental and social due diligence will focus on the Promoters' capacity to implement the programme in line with EIB environmental and social standards and requirements.

    Procurement

    The promoter will have to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU, where applicable, as well as Directive 92/13/EEC and Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 19/11/2019

    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