Summary sheet
The project concerns the design, construction and operation of a new natural gas fired CCGT cogeneration plant (nominal capacity 49 MWe) to be installed adjacent to Italy's largest paper mill operated by Cartiere del Garda SpA (CdG, 80% owner of the promoter, a newly formed SPV), near the town of Riva di Garda in northern Italy.
The project will help to meet growth in electricity demand in Italy. Moreover, the high efficiency of combined heat and power production (about 80%), will contribute to the EU objective of increasing energy efficiency (EE). Increased EE reduces greenhouse gas emissions and energy import dependence, which are key objectives of the EU energy policy. The project is therefore eligible under article 267 c) energy efficiency.
The project falls under Annex II of Directive 85/337/EC amended 97/11/EC, 2003/35/EC. The competent authority confirmed the environmental compatibility of the plant, exempting it from a full EIA procedure given the reduction in atmospheric emissions compared to those of the existing and previously authorised plant.
The promoter is not subject to EU Procurement Directives. The procedures applied will be reviewed during appraisal to ensure compliance with the Bank's principles of applying suitable procurement procedures to the benefit of the project, including competitive tendering.
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).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
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.
Related publications