Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 80,000,000
    Countries
    Sector(s)
    Estonia : € 80,000,000
    Energy : € 80,000,000
    Signature date(s)
    7/05/2004 : € 80,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    5 July 2002
    Status
    Reference
    Signed | 07/05/2004
    20020173
    Project name
    Promoter - financial intermediary
    Eesti Energia
    Eesti Energia AS.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to 50% of project cost.
    Estimated at approximately EUR 200 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises renovation and construction of electricity transmission and distribution facilities, located throughout Estonia, undertaken by the promoter over a three-year period. Project items principally include substations, overhead lines and underground cables.

    The objectives of the project are to reduce grid losses, decrease maintenance cost, improve system reliability and meet increasing demand.

    Environmental aspects
    Procurement

    None of the schemes fall under Annex I of Directive EC/97/11, and two 110 kV lines pertain to Annex II, but no EIA is required for such installations according to the above-mentioned national EIA Act. Overall, the impact of the project is expected to be limited and acceptable.

    Tendering will comply with the Bank's rules.

    Comments

    Electricity transmission and distribution.

    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).

    News & Stories

    Link to source
    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications