Wärtsilä RDI II

The project concerns the promoter’s RDI activities in two-stroke (low speed) and four-stroke (medium speed) engines for marine and power plant applications between 2010 and 2012.

Objectives

The main objectives of the project include improved efficiency, environmental performance, reliability, lifecycle costs and automation. The project is also expected to bring about positive environmental results and improved energy efficiency.

Comments

Sector(s)

Industry

Proposed EIB finance (Approximate amount)

Up to EUR 150 million.

Total cost (Approximate amount)

Approximately EUR 430 million.

Environmental aspects

The project concerns investments in R&D that are expected to be carried out in existing facilities already authorised, in which case an Environmental Impact Assessment (EIA) would not be required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details related to the location of the R&D facilities, and whether the project includes the implementation of any testing facilities that could fall under Annex II of the EIA directive.

Procurement

The promoter is a private-sector company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

Status

Signed - 21/10/2011.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

RDI involving two-stroke (low-speed) engines for marine applications on sites in several countries

E-mail

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.