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Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
Italy : € 70,000,000
Energy : € 70,000,000
Signature date(s)
20/06/2013 : € 10,000,000
20/06/2013 : € 25,000,000
20/06/2013 : € 35,000,000
Link to source

Summary sheet

Release date
18 February 2013
Status
Reference
Signed | 20/06/2013
20120353
Project name
Promoter - financial intermediary
ASCOPIAVE GROUP GAS DISTRIBUTION
ASCOPIAVE SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
EUR 145 million
Location
Sector(s)
Description
Objectives

The project is part of the Promoter’s on-going investment programme to upgrade and expand its gas distribution networks in some of its concession areas in the Veneto and Lombardy regions. The investments, comprising mainly network expansion, reinforcement and metering upgrades, are aligned with the requirements of the relevant regulatory framework. The project will allow the Promoter to reinforce and continue developing the distribution networks to meet market growth as well as ensuring that sufficient capacity is available to meet peak demand.

The project will enable the Promoter to cater for demand growth, reduce losses, and to improve the quality and the reliability of gas supply.

Environmental aspects
Procurement

Current information suggests that the project components will fall under Annex II of the Environmental Impact Assessment Directive (2011/92/EU), requiring the competent authority to determine the need for an EIA in line with the Directive.

The Promoter tenders works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.

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).

Documents

Environmental and Social Data Sheet (ESDS) - ASCOPIAVE GROUP GAS DISTRIBUTION
Publication Date
17 Jan 2014
Document language
Main Topic
Lending
Document Number
46636310
Document Focus
Environmental Information
Project Number
20120353
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - ASCOPIAVE GROUP GAS DISTRIBUTION
Publication Date
24 Jan 2020
Document language
Main Topic
Lending
Document Number
94448280
Document Focus
Environmental Information
Project Number
20120353
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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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.
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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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