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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Italy : € 150,000,000
    Energy : € 150,000,000
    Signature date(s)
    15/06/2020 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    19 May 2020
    Status
    Reference
    Signed | 15/06/2020
    20190451
    Project name
    Promoter - financial intermediary
    MARGHERA LEVANTE CCGT REDEVELOPMENT
    EDISON SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 313 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project will finance the construction of a new state of the art combined cycle power plant (CCGT) power plant in the existing Marghera Levante Power facility.

    The aim is to contribute to the security and flexibility of electricity supply in Italy.

    Environmental aspects
    Procurement

    Based on its technical characteristics, the project falls under Annex I of the Environmental Impact Assessment Directive (EIA) 2014/52/EU amending the EIA Directive 2011/92/EU. An EIA has been completed and the decree of environmental compatibility was issued by the environment ministry at the end of 2018. Emissions from the plant will be in line with the relevant EU directive requirements. The promoter has indicated that no Environmental and Social issues or concerns have arisen to date.

    By its decision 2012/539/EU, the European Commission exempted the production and wholesale of electricity produced from conventional sources in Italy from the application of the Procurement Directive 2004/17/EC on utility sectors. In line with the 2014/25/EU Directive, this exemption is automatically extended to sectors previously exempted under the 2004/17/EC Directive. Consequently, the promoter is neither subject to the EU directives on procurement by entities operating in the water, energy, transport and postal services sectors nor to the Italian Legislative Decree 50/2016 (Public procurement code), as the project consists in the generation of electricity form conventional sources.

    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 Impact Assessment (ESIA) - MARGHERA LEVANTE CCGT REDEVELOPMENT - Studio di Impato Ambientale
    Publication Date
    3 Mar 2020
    Document language
    Main Topic
    Lending
    Document Number
    127141800
    Document Focus
    Environmental Information
    Project Number
    20190451
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - MARGHERA LEVANTE CCGT REDEVELOPMENT
    Publication Date
    18 Jun 2020
    Document language
    Main Topic
    Lending
    Document Number
    126195920
    Document Focus
    Environmental Information
    Project Number
    20190451
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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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.
    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.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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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