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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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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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