Release date: 9 December 2016
Promoter – Financial Intermediary
ENEDISLocation
Description
ENEDIS' investments in advanced metering infrastructure during the period 2016-2019
Objectives
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 to improve efficiency of the electricity distribution systems as well as customer information and awareness.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 1150 million
Total cost (Approximate amount)
EUR 3225 million
Environmental aspects
The project comprises the installation of advanced electricity meters. Based on technical characteristics of the project it is unlikely that environmental impact assessment (EIA) will be required. The main potential impact on the environment is from the disposal of the old meters.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 13/12/2016
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).