Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

EIB supports innovative waste-to-energy project in Lahti, Finland

  • Available in: de en fr fi
  •  Release date: 03 September 2010
  •  Reference: 2010-141-EN

At a ground-breaking ceremony led by Minister of Economic Affairs Mauri Pekkarinen, the city of Lahti’s combined heat and power plant project was launched today. The European Investment Bank is the largest provider of financing for the facility with a EUR 75m loan, also signed today.

The Lahti plant will convert municipal waste into heat and power through the large-scale use of a novel method involving waste gasification, gas cleaning and high-efficiency combustion. With a capacity of 250 000 tons of waste per year and generating 90 MW heat and 50 MW electricity, the project will partially replace a coal-fired plant and sharply reduce landfill disposal in the region.

The project supports European Union objectives in environmental and energy technology as well as in research and development. Lahti Energia Oy will own and operate the plant. Financing in addition to that from the EIB will be provided by the Nordic Investment Bank, Lahti Energia’s own funds and a grant from the Finnish Government.

“For a number of years, Finland has been one of the world leaders in combined heat and power technology and its use for large-scale district heating and electricity generation. We welcome this opportunity to participate in such a promising project in Lahti, which is located in one of the country’s most dynamic regions,” said Eva Srejber, EIB Vice-President with special responsibility for financing operations in Finland, Sweden, Estonia, Latvia, Lithuania, the EFTA countries, the EU’s eastern neighbours and Central Asia.

Background:

The mission of the EIB, the European Union’s bank, is to contribute to the integration, balanced development and economic and social cohesion of the EU Member States by financing sound investments. The EIB raises substantial volumes of funds on the capital markets, which it lends on favourable terms for projects that further EU policy objectives. The EIB operates on a non-profit-maximising basis and lends at close to its cost of borrowing. The Bank's consistent AAA rating is underpinned by firm shareholder support, a strong capital base, exceptional asset quality, conservative risk management and a sound funding strategy.




 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2010/2010-141-finlande-la-bei-soutient-un-projet-innovant-de-valorisation-energetique-des-dechets-a-lahti.htm