ANNOUNCEMENT 15 Jun 2020

In June 2020, the European Investment Bank (EIB) signed a loan agreement with Edison SPA to support the construction of a cycle power plant in Marghera Levante Power facility

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, MARGHERA LEVANTE CCGT REDEVELOPMENT, 19 May 2020.
Available at: https://www.eib.org/en/projects/pipelines/all/20190451

Environmental and Social Data Sheet, The European Investment Bank, MARGHERA LEVANTE CCGT REDEVELOPMENT, 19 May 2020.
Available at: https://www.eib.org/en/registers/all/126195920

Project Data Sheet, The European Investment Bank, MARGHERA LEVANTE CCGT REDEVELOPMENT, 19 May 2020.
Available at: https://www.eib.org/en/projects/loans/all/20190451

Inception date: 15 Jun 2020 | Removal date: open ended

State loan

On 15 June 2020, the European Investment Bank (EIB) and Edison S.p.A signed a loan agreement having a total value of EUR 150 million (approx. USD 170 million). The loan will support the company to construct a new combined cycle power plant in Marghera Levante power facility to secure electricity supply in Italy. 

Edison S.p.A has its headquarters in Italy. The company produces, distributed and sells electricity throughout the country.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

 

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