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Italy gets €115m loan for hydropower schemes

17 Mar 14 The European Investment Bank (EIB) and Italian utility business A2A have signed a 15-year €115m loan agreement to finance integrated waste management and hydropower investments.

The hydropower schemes are aimed at maintaining and increasing the energy efficiency of plants located in Lombardy and Calabria.

The money will also be used for upgrading of waste-to-energy plants in Brescia and Milan, building a new glass recovery facility in Asti and acquiring low-emission waste collection vehicles.

All schemes meet the EIB’s eligibility requirements for financing in the energy and environment sectors. They will lead to an increase in power generation from renewable sources and more efficient material recovery. At the same time, they will help to improve the safety and reliability of the plants concerned.

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