Support for integrated water cycle
Milan, 27 September 2016 -The European Investment Bank (EIB) and A2A have signed a 15-year €95 million loan agreement to finance integrated water cycle.
The investment program consists of projects included in the “Piano d’Ambito” in the Province of Brescia, aimed at improving the sustainability and efficiency of the services, while ensuring compliance with the relevant EU directives. In particular, investments have the purpose of reducing technical losses and energy consumption as well as expanding the coverage of drinking water treatment and improving the security of water supply.
Today’s agreement is a further consolidation of the relations between the A2A Group and the EIB and enables A2A to extend the average life of its debt at extremely competitive conditions.
Note to editor
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. A2A is the largest multi-utility in Italy. The A2A group operates in the energy sector in four areas of activity: energy (production of electrical power and sale of electrical power and gas), environment (collection and processing of urban and industrial waste), heat (cogeneration and district heating for urban use) and networks (distribution of electrical power and gas, and integrated water cycle). The Group also has a presence abroad through operations in the major European electricity and gas markets, hydroelectric power production and distribution of electrical power in the Balkans, and construction of waste processing plants in various European countries.
In 2015, the Group recorded a turnover of 4.9 billion euros. A2A is listed on the Italian Stock Exchange.