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Signature(s)

Amount
€ 120,000,000
Countries
Sector(s)
Italy : € 120,000,000
Energy : € 120,000,000
Signature date(s)
15/12/2006 : € 120,000,000
Link to source
Data sheet

Summary sheet

Release date
14 March 2006
Status
Reference
Signed | 15/12/2006
20060014
Project name
Promoter - financial intermediary
IRIDE AMBIENTE
AEM Torino SpA.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
Total project cost is expected to be some EUR 240 million.
Location
Sector(s)
Description
Objectives

The project comprises:

  • a further phase of upgrading of the promoter's existing Combined Heat and Power (CHP) electricity generating plant by re-powering with a gas turbine (from 140 MWe to 390 MWe) for Combined Cycle Gas Turbine (CCGT) operation;
  • the installation of digital remote metering infrastructure.

Investments are aimed at:

  • improving the efficiency of electricity production with combined-cycle electricity production with heat output feeding an existing district heating network, and;
  • a better management of electricity demand through the installation of remotely-controlled electricity metering equipment allowing time-of-day tariffs to be offered and the potential for reducing peak demand levels.

Environmental aspects
Procurement

The CCGT falls under Annex I of the Directive 97/11/EC and requires an Environmental Impact Assessment (EIA), which was carried out in 2000 by assessing the impact of all phases of replacement and re-powering of units at this site. The competent authorities granted permits based on this EIA in 2002 (environmental) and 2003 (operation). Investments for remote metering infrastructure principally involve the substitution of existing equipment and the use of a telecommunication network on power lines. Any adverse environmental impact of this component is thus expected to be minimal.

Tenders Electronic Daily (TED OJEU) lists among other publications made by the promoter two notices of “the existence of a qualification system” published under the Utilities Directive (93/38/EC) covering the relevant services and supplies for both project elements. Further, the promoter carries out formal international tendering for various types of other works and equipment following the relevant national legislation including publication in the OJEU and on its website, when appropriate.

Comments

Combined heat and electricity generation and distribution.

Link to source
Summary sheet

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

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