ACEA EFFICIENZA RETE IV

Promoter – Financial Intermediary

ARETI SPA

Location

• Italy

Description

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.

Objectives

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.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 500 million

Total cost (Approximate amount)

EUR 1232 million

Environmental aspects

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.

Procurement

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.

Status

Signed - 28/10/2024