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    Signature(s)

    Amount
    € 320,000,000
    Countries
    Sector(s)
    Italy : € 320,000,000
    Energy : € 320,000,000
    Signature date(s)
    28/10/2024 : € 120,000,000
    28/10/2024 : € 200,000,000
    Link to source

    Summary sheet

    Release date
    30 October 2024
    Status
    Reference
    Signed | 28/10/2024
    20240176
    Project name
    Promoter - financial intermediary
    ACEA EFFICIENZA RETE IV
    ARETI SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million
    EUR 1232 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project concerns the promoter's investment plan 2024-2027 for the modernisation and extension of the electricity distribution network in the municipality of Rome and Formello.

    The aim is to replace obsolete infrastructure with modern and more efficient components to improve the electricity network resilience to climate events, ensure the overall stability and reliability of the distribution system as well as reduce the risk of supply interruptions. Such investments in the electricity network having a long-term economic lifetime will contribute to reduce GHG emissions by enabling the connection on new renewable energy sources, and the electrification of the economy based on low carbon energy, as per EU and national long-term climate and energy policies.

    Environmental aspects
    Procurement

    The due diligence will focus on the promoter's capacity and capability to implement the investments in line with EIB environmental and social standards and requirements. Some investment schemes may fall under Annex II of the environmental impact assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU). However, the schemes to be financed have an operating voltage which is below the threshold for the screening set out in the national legislation as per the provisions of Article 4(3) of the EIA Directive.

    The EIB will require the promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/E as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Milestone
    Under appraisal
    Approved
    Signed
    16 October 2024
    28 October 2024
    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).

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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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    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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