Release date: 17 April 2008
Promoter – Financial Intermediary
Linz AGLocation
Description
Construction of a waste-to-energy co-generation plant and expansion of a gas-fired combined-cycle power plant in the city of Linz.
Objectives
The waste-to-energy co-generation plant will improve the waste management in Linz by reducing the need for land filling, and contribute to an efficient energy recovery from the waste combustion.
The natural gas-fired combined cycle gas turbine plant constitutes an efficient means of co-generating heat and electricity with a relatively low environmental impact to meet the demand for municipal district heating and to secure the electricity supply in the region.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
Both investment schemes concern well-established technologies in the respective sectors, also applied in other countries in the EU. They fall under Annex I of Directive 85/337/EC, amended 97/11/EC, 2003/35/EC, thus they are subject to a full EIA.
Procurement
The promoter applies EU public procurement rules where applicable. Several contract notices related to the project have been published at this stage. Details will be verified during appraisal.
Status
Signed - 11/02/2009