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    Signature(s)

    Amount
    € 297,600,002
    Countries
    Sector(s)
    Italy : € 297,600,002
    Energy : € 297,600,002
    Signature date(s)
    4/07/2017 : € 2
    4/07/2017 : € 67,600,000
    4/07/2017 : € 100,000,000
    21/07/2017 : € 130,000,000
    Link to source

    Summary sheet

    Release date
    22 May 2015
    Status
    Reference
    Signed | 04/07/2017
    20140370
    Project name
    Promoter - financial intermediary
    ITALY-FRANCE INTERCONNECTOR
    PIEMONTE SAVOIA SRL, TERNA SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 298 million
    EUR 783 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of the Italian part of the high voltage direct current (HVDC) link Piedmont-Savoy connecting France (Grand-Ile, Savoy ) and Italy (Piossasco, Piedmont) across the Alps. The interconnector comprises two independent HVDC bipoles having a rated capacity of 600 MW each. Each bipole consists of two converters and two 190 km-long underground cables. The cables will be, wherever possible, integrated with existing roads and motorway infrastructures. The Alps will be crossed through the second Frejus motorway tunnel currently being implemented between Bardonecchia and Modane.

    The project will contribute to substantially increasing the transmission capacity of the France-Italy connection, thereby enhancing electricity market integration.

    Environmental aspects
    Procurement

    The impact that can be expected from the project is mainly associated with the construction phase. It may include noise, vibrations, traffic disruption, pollution from construction machinery, terrain excavation and disposal of the associated waste. Environmental studies have been carried out and mitigating and/or compensation measures will be applied as necessary.

    The Bank will require the promoters to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, with publication of tender notices in the Official Journal of the EU, as and where required.

    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) - ITALY-FRANCE INTERCONNECTOR
    Publication Date
    21 Jul 2017
    Document language
    Main Topic
    Lending
    Document Number
    77102990
    Document Focus
    Environmental Information
    Project Number
    20140370
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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