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LATVENERGO CHP

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Latvia : € 100,000,000
Energy : € 100,000,000
Signature date(s)
2/10/2009 : € 100,000,000
Link to source
Data sheet
LATVENERGO CHP
Other links
Summary sheet
Latvenergo CHP

Summary sheet

Release date
2 December 2008
Status
Reference
Signed | 02/10/2009
20080015
Project name
Promoter - financial intermediary
Latvenergo CHP

AS Latvenergo

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
EUR 388 million.
Location
Sector(s)
Description
Objectives

The project involves the construction of a natural gas-fired combined heat and power unit within the boundaries of the TEC-2 power site located in the outskirts of Riga.

The proposed investment is aimed at replacing old generating units of very low efficiency with a state-of-the-art co-generation plant that is more efficient and results in lower emissions.

Environmental aspects
Procurement

Due to its technical characteristics the project falls under Annex I of the EIA Directive and thus requires an Environmental Impact Assessment. The EIA study was submitted to the Environment State Bureau that issued its opinion on the project on November 24th 2008. The EIA and the opinion of the Environmental State Bureau will be reviewed during appraisal. The promoter confirmed that the project will comply with the requirements of the Large Combustion Plants (2001/80/EC) and the IPPC (2008/1/EC) Directives.

The promoter is subject to the Latvian Law on Procurement for the Needs of Public Service Providers that complies with the EU Directive on Public Procurement. The Tendering Process is presently ongoing and is expected to be completed by the end of January 2009.

Link to source
Summary sheet
Latvenergo CHP
Other links
Data sheet
LATVENERGO CHP

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.

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 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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