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Signature(s)

Amount
€ 110,000,000
Countries
Sector(s)
Austria : € 110,000,000
Energy : € 55,000,000
Solid waste : € 55,000,000
Signature date(s)
11/02/2009 : € 55,000,000
11/02/2009 : € 55,000,000
Link to source

Summary sheet

Release date
17 April 2008
Status
Reference
Signed | 11/02/2009
20070007
Project name
Promoter - financial intermediary
Sicherung Energieversorgung Linz
Linz AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million.
EUR 200 million.
Location
Sector(s)
Description
Objectives

Construction of a waste-to-energy co-generation plant and expansion of a gas-fired combined-cycle power plant in the city of Linz.

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.

Environmental aspects
Procurement

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.

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.

Link to source

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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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.

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