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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Finland : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    26/10/2018 : € 100,000,000

    Summary sheet

    Release date
    22 May 2018
    Status
    Reference
    Signed | 26/10/2018
    20170803
    Project name
    Promoter - financial intermediary
    OULUN ENERGIA CHP PLANT
    OULUN ENERGIA OY
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 202 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of the financing of a Combined Heat and Power (CHP) biomass-fired plant in Finland of a capacity of 70 MWe (electric) and 175 MWth (heat and steam) to replace an existing solid fuel (peat and biomass) plant.

    The investment is done to meet the requirements of the Industrial Emissions Directive and the project is part of the Transitional National Plan by which the existing plant can continue operation until June 2020. The entire electricity produced by the plant will be cogenerated at high efficiency as defined by the EU directives.

    Environmental aspects
    Procurement

    With a thermal capacity below 300 MWth, the project does not fall under Annex 1 of the Environmental Impact Assessment (EIA) Directive 2014/52/EU which amends Directive 92/2011/EU, thereby, adhering to Annex 2 of the said Directive and Finnish EIA law, leaving it to the competent authority to decide if an EIA is required. However, the plant was initially planned at larger capacity with an integrated biorefinery and was screened by the competent authority. Thus, an EIA has been provided in January 2014. The project is also subject to the provisions of the Industrial Emissions Directive 2010/75/EU. A public consultation has taken place as part of the process but the environmental permit is pending.

    The promoter is a public undertaking in the utility sector that follows public procurement procedures as required by Directive 2014/25/EU. Procurement for the project has started with publications in the Official Journal of the European Union.

    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

    Environmental and Social Data Sheet (ESDS) - OULUN ENERGIA CHP PLANT
    Publication Date
    17 Aug 2018
    Document language
    Main Topic
    Lending
    Document Number
    81614653
    Document Focus
    Environmental Information
    Project Number
    20170803
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - OULUN ENERGIA CHP PLANT - Oulun Energian uuden voimalaitoksen - ympäristövaikutusten arviointi - Arviointiselostus
    Publication Date
    17 Aug 2018
    Document language
    Main Topic
    Lending
    Document Number
    86088765
    Document Focus
    Environmental Information
    Project Number
    20170803
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - OULUN ENERGIA CHP PLANT
    Publication Date
    10 Nov 2022
    Document language
    Main Topic
    Lending
    Document Number
    155814610
    Document Focus
    Environmental Information
    Project Number
    20170803
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - OULUN ENERGIA CHP PLANT
    Publication Date
    16 Oct 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    85770892
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170803
    Last update
    16 Oct 2018
    Sector(s)
    Energy
    Countries
    Finland
    Publicly available
    Download now
    Other links

    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.

    Media enquiries

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

    Complaints mechanism

    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.

    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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