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Signature(s)

Amount
€ 513,189,857.69
Countries
Sector(s)
United Kingdom : € 513,189,857.69
Energy : € 513,189,857.69
Signature date(s)
2/12/2015 : € 35,415,781.27
2/12/2015 : € 477,774,076.42
Link to source

Summary sheet

Release date
2 September 2015
Status
Reference
Signed | 02/12/2015
20150086
Project name
Promoter - financial intermediary
SMART METERS - PROJECT SPARK
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
GBP 360 million (EUR 515 million)
GBP 963 million (EUR 1378 million)
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Installing smart gas and electricity meters for a major energy supplier in the United Kingdom

The installation of smart meters and the development of remote control capabilities will allow remote readings, near real-time consumption information and better management of the network. The project aims at improving efficiency of the gas and electricity distribution systems as well as customer information and awareness.

Environmental aspects
Procurement

The project comprises the installation of smart meters. The need for an environmental impact assessment (EIA) in accordance with Directive 2011/92/EU is unlikely. The main potential impact on the environment is from the disposal of the old meters.

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

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) - SMART METERS - PROJECT SPARK
Publication Date
4 Sep 2015
Document language
Main Topic
Lending
Document Number
61168748
Document Focus
Environmental Information
Project Number
20150086
Sector(s)
Regions
Countries
Publicly available
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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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