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Signature(s)

Amount
€ 373,000,000
Countries
Sector(s)
Italy : € 373,000,000
Energy : € 373,000,000
Signature date(s)
18/03/2010 : € 73,000,000
5/05/2008 : € 300,000,000
Link to source

Summary sheet

Release date
21 February 2008
Status
Reference
Signed | 05/05/2008
20070095
Project name
Promoter - financial intermediary
Sapei High Voltage Cable Link
T.E.R.NA. – Trasmissione Elettricità Rete Nazionale S.p.A., the transmission system operator in Italy and the owner of the National Transmission Grid (NTG) for high voltage electricity.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
Indicatively EUR 700 million
Location
Sector(s)
Description
Objectives

The project concerns the design, construction and operation of a new submarine high voltage direct current electricity cable link between the Italian mainland and Sardinia with a capacity of 1,000 MW and a total submarine section length of 420 km, plus two short land sections and two converter stations.

The project will help to export excess power from future wind farms and possibly from thermal power plants from Sardinia for meeting growing electricity demand in mainland Italy, and maintain/improve the reliability of the grid supply system on Sardinia, one of Italy’s less developed regions.

Environmental aspects
Procurement

The project does not fall under the EU EIA Directive since it concerns a submarine/underground cable. The promoter submitted a detailed Environmental Impact Assessment report covering in particular the aspects of installation of the submarine cable and its possible effects on marine life. The competent authorities, comprising national and regional bodies, having examined the environmental impact study provided by the promoter, confirmed the environmental compatibility of the planned installation imposing a number of detailed mitigating measures to be taken during construction and operation.

The promoter is subject to the requirements of the EU Procurement Directive 93/38/EC (as amended by 2004/17/EC) and plans to let a further series of contracts via OJ publication; three contracts have already been let via OJ publication.

Link to source

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).

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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