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Data sheet
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Summary sheet
Release date
21 September 2005
Status
Reference
Signed | 15/12/2005
20050017
Project name
Latvenergo III Project
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million. The EIB has submitted its financing proposal for EUR 40 million in July 2005 to Latvenergo following a public procurement tender. Latvenergo is expected to publish the results of the tender by year-end 2005.
Approximately EUR 200 million.
Description
Objectives
Replacement of an existing combined heat and power plant (TEC-2) in Riga, Latvia (Objective 1 Area). The installation comprises a gas-fired combined cycle unit, heat recovery steam generator and steam turbine with an anticipated net power output of approximately 400 MWe.
To raise the reliability and efficiency of energy supply in Latvia, and meeting environmental policy objectives.
Environmental aspects
Procurement
The project will be located in a lightly inhabited industrial area east of the city on the site of the existing plant. Environmental Impact Assessment (EIA) was conducted in line with EU Directives and national law.
Procurement procedures are in compliance with relevant EU directives and national and regional legislation.
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Summary sheet
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Data sheet
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