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Summary sheet

Release date
8 April 2025
Status
Reference
Under appraisal | 14/01/2025
20240344
Project name
Promoter - financial intermediary
RIGA DISTRICT HEATING
RIGAS SILTUMS AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 47 million
EUR 135 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project will finance a four-year investment programme concerning the rehabilitation of the district heating network in Riga city.

In line with the EU and national energy efficiency objectives, the project will improve the energy efficiency and ensure the security of supply of the district heating system in Riga.

Environmental aspects
Procurement

Based on its technical characteristics, the project (consisting of reconstruction of district heating pipelines) is not expected to be subject to any Annexes of the Environmental Impact Assessment (EIA) Directive (2011/92/EC as amended by Directive 2014/52/EC), which will be confirmed during appraisal. Based on available information at this stage, the environmental impacts of the project are expected to be minor and related mainly to noise, vibration, dust, and traffic disruption, and mostly temporary during the construction, which will be mitigated through appropriate site organisation and construction management.

As a public undertaking operating in the utility sector, the Promoter is subject to public procurement and its procurement procedures need to be in line with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/25/EU, where applicable, as well as Directive 92/13/EEC), as transposed in the national legislation, with publication of the tender and award notices in the Official Journal of the European Union, as and where required.

Milestone
Under appraisal
Link to source
Summary sheet

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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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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