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    Signature(s)

    Amount
    € 175,000,000
    Countries
    Sector(s)
    Finland : € 175,000,000
    Energy : € 175,000,000
    Signature date(s)
    15/03/2016 : € 175,000,000
    Link to source

    Summary sheet

    Release date
    24 March 2015
    Status
    Reference
    Signed | 15/03/2016
    20140600
    Project name
    Promoter - financial intermediary
    KILPILAHTI CHP PLANT
    NESTE OIL OYJ, BOREALIS AG, VEOLIA NORDIC AB
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 175 million
    EUR 388 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    A new industrial combined heat and power (CHP) plant in Kilpilahti, Finland

    The project comprises construction of a new CHP plant in Kilpilahti, Finland that will supply heat to the oil refinery and chemicals plant on the same site.

    Environmental aspects
    Procurement

    By virtue of its technical characteristics the project falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended 2014/52/EU). The promoter has conducted an EIA study, with public consultations in 2014.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector, and not having a status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is subject to EU public procurement legislation after all (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Non-Technical Summary (NTS) - KILPILAHTI CHP PLANT
    Publication Date
    30 Sep 2015
    Document language
    Main Topic
    Lending
    Document Number
    62199094
    Document Focus
    Environmental Information
    Project Number
    20140600
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - KILPILAHTI CHP PLANT
    Publication Date
    4 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    63835759
    Document Focus
    Environmental Information
    Project Number
    20140600
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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