Release date: 4 May 2016
Promoter – Financial Intermediary
TOSCANA ENERGIA SPA, TOSCANA ENERGIA SPA, a local multi-utility group in charge of the management and operation of the gas distribution and production of electricity from renewable sources.Location
Description
Replacement, upgrading and extension of the promoter's gas distribution network and installation of smart metering systems throughout the network, largely located in the Tuscany region
Objectives
The project should increase network and community safety, improving reliability and reducing the occurrence of leakages. The installation of smart meters will allow easier access to real-time consumption data, thus potentially enabling better demand management and efficiency gains in network management.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
EUR 140 million
Environmental aspects
It is not considered likely that any of the investments will require environmental impact assessments, but this will be reviewed during appraisal.
Procurement
The promoter is required to tender works, supplies and services contracts following the procurement rules of relevant national and EU legislation, as defined by Directive 2004/17/EC, including publication in the Official Journal of the EU where appropriate.
Status
Signed - 27/07/2016
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).