Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
    Most visited pages

        LATVENERGO POWER DISTRIBUTION

        Signature(s)

        Amount
        € 100,000,000
        Countries
        Sector(s)
        Latvia : € 100,000,000
        Energy : € 100,000,000
        Signature date(s)
        24/10/2008 : € 100,000,000

        Summary sheet

        Release date
        4 June 2008
        Status
        Reference
        Signed | 24/10/2008
        20080186
        Project name
        Promoter - financial intermediary
        Latvenergo Power Distribution
        AS Latvenergo
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 100 million.
        EUR 328 million.
        Location
        Sector(s)
        Description
        Objectives

        The project consists of a 3-year investment programme (2008-2010) aimed at modernising the promoter’s distribution electricity networks throughout Latvia.

        The purpose of the project is mainly to improve the quality of electricity supplies to existing customers and to cater for load growth.

        Environmental aspects
        Procurement

        All the project schemes will fall under ANNEX II of the EIA Directive, leaving it to the national competent authority to decide whether an EIA would be required in line with the screening criteria specified in the directive. The specific requirements of the national competent authorities in Latvia will be investigated during appraisal. The potential negative impact on sites of nature conservation will be also investigated during appraisal.

        The EIB will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, with parallel publication of tender notices in the Official Journal of the EU as and where appropriate.

        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.

        Related publications