TERNA RETI ELETTRICHE VII (EIB-20160345)

Countries
  • Hungary
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
TERNA - RETE ELETTRICA NAZIONALE SPA
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 217.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 200 million
Converted using 2016-12-08 exchange rate.
Project Cost (USD)
$ 436.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 401 million
Converted using 2016-12-08 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jun 25, 2017

Disclosed by Bank Oct 24, 2016


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Project Description
The proposed project is a multi-component investment programme. The main sub-project concerns the adjustment and renovation of 350 electrical substations recently acquired from the national railway company (RFI). Other sub-projects involve the construction of new substations and the associated connections and the installation of reactive power compensation equipment. The sub-projects of the programme are geographically dispersed throughout Italy. According to bank documents, the main purpose of the other sub-projects is to integrate renewable generation into the grid and to improve quality and reliability of supply.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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