Release date: 10 December 2015
Promoter – Financial Intermediary
LIETUVOS ENERGIJA UABLocation
Description
Construction of two biomass-fired and waste-to-energy-fired combined heat and power (CHP) plants with a total capacity of 88 MWe and 227 MWth supplying electricity to the national grid and heat to the district heating system in Vilnius.
Objectives
The project will ensure a reliable heat supply to the district heating network, improve the security of supply in electricity in Lithuania, increase the competition on the Lithuanian electricity market and, thanks to the use of renewable fuel and waste, increase the diversification of the power sector. The project is eligible under Article 309 point (a) projects for developing less-developed regions, since Lithuania meets the criteria; and point (c) common interest of the Treaty on the Functioning of the European Union.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 190 million
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
The project is undergoing a mandatory environmental impact assessment according to the EU requirements for this type of plant. The environmental impact statement was completed and approved in third quarter of 2015. The relevant draft environmental permit is undergoing public consultation. During appraisal the Bank will review the environmental documentation to ensure alignment with Bank requirements.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal (OJEU), as and where required. The main contract notice was published in the OJEU under the number 2015/S 092-164618 on 13 May 2015.
Status
Signed - 7/12/2016
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).