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    Reference: 20180150
    Release date: 14 October 2019

    Promoter – Financial Intermediary

    ELECTRICITY SUPPLY BOARD

    Location

    Description

    The project will finance a national programme for the roll-out of electricity smart metering infrastructure in the Republic of Ireland during 2019-2024.

    Objectives

    The project aims at modernising the electricity meters across the country, by providing ca. 2.25 million smart meters, communication infrastructure, as well as the necessary IT systems. Advanced metering systems will allow remote reading and near real-time consumption information to end-customers, thus enabling better access to consumption information. Ultimately, these capabilities will increase consumer awareness of cost of energy supply thus spur energy efficiency, more efficient management of the power system, and more efficient metering and customer management operations.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 1246 million

    Environmental aspects

    The project comprises the installation of advanced electricity meters. Based on technical characteristics of the project it is unlikely that any Environmental Impact Assessment will be required. The main potential impact on environment is from the disposal of the old meters. Appraisal will review the promoter's procedures to confirm that they are in line with EU standards and good industry practice

    Procurement

    The EIB will require the Promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU, where applicable, as well as Directive 92/13/EEC or 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 - 19/08/2020

    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

    Ireland Energy