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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Estonia : € 50,000,000
    Energy : € 25,000,000
    Solid waste : € 25,000,000
    Signature date(s)
    8/12/2011 : € 25,000,000
    8/12/2011 : € 25,000,000

    Summary sheet

    Release date
    8 September 2011
    Status
    Reference
    Signed | 08/12/2011
    20110107
    Project name
    Promoter - financial intermediary
    Eesti Energia Waste to Energy Plant

    AS Eesti Energia

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    Approximately EUR 110 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a 220 kt/yr one line waste incineration plant with net energy recovery capacities of 17MW electrical and 50 MW thermal (for district heating).

    This will be the first waste incineration plant in Estonia. It will reduce the amount of waste that is currently landfilled. Electricity generated at the facility will be delivered to the grid, and heat to the district heating system.

    Environmental aspects
    Procurement

    The project falls under Annex 1 of the EIA directive, and accordingly an EIA is required. The EIA process (including public participation) has been completed, and the EIA was approved in October 2007 by the Environmental Board, which is the competent authority.

    The promoter is a public sector controlled entity and thereby required to follow Utilities Directive 2004/17/EC in the procurement.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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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    Complaints mechanism

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    Zero tolerance against fraud and corruption

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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