As stated by the EIB, the project consists of the financing of 2023-2027 investments in electricity distribution networks.
Subject to further appraisal, the investments are expected to contribute to Climate Action and Environmental Sustainability (CA&ES) objectives, including energy networks and smart meters.
The project consists of a programme including several investments in maintenance, renewal and development of the electricity distribution grids, as well as installation of new smart meters in the municipalities of Turin, Parma and Vercelli located in North-Western Italy (Piemonte and Emilia Romagna Regions).
The planned investments are aimed to increase the capacity of the distribution network, maintain or increase its reliability and security of supply, and address the need for renewal of existing assets and planned developments, including advanced automation, tele-control and smart metering.
As stated by Bloomberg, IREN S.p.A. generates, distributes, and sells electricity and district heating. The Company manages natural gas distribution networks, markets and sells natural gas and electricity, and manages water services.
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No project contacts provided at the time of disclosure.
Client - Iren SpA:
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