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

    Signature(s)

    Amount
    € 70,000,000
    Countries
    Sector(s)
    Germany : € 70,000,000
    Energy : € 35,000,000
    Solid waste : € 35,000,000
    Signature date(s)
    10/03/2011 : € 35,000,000
    10/03/2011 : € 35,000,000

    Summary sheet

    Release date
    18 February 2009
    Status
    Reference
    Signed | 10/03/2011
    20080522
    Project name
    Promoter - financial intermediary
    EBS-Heizkraftwerk Spremberg

    W. Hamburger GmbH

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70 million.
    EUR 140 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the construction, commissioning and operation of combined heat and power plant (CHP, thermal capacity of 110 MW) to be fuelled by refuse derived fuel (RDF, up to 240 kt/year) . The plant will supply electricity and heat to a paper mill.

    The project will develop new generation capacity in a convergence area (100% stricto sensu). This CHP will burn municipal waste previously sent to landfill and therefore will be eligible under the Natural Resources Management criteria. The project contributes to security of supply as it will displace generation from fossil fuels. The project is thus eligible for financing under the Treaty of the European Community, Article 267 a) Economic and Social Cohesion and c) Common Interest. The financing of this project would contribute to the EIB’s lending priority policy on convergence regions, natural waste management, security and diversification of internal supply.

    Environmental aspects
    Procurement

    The project is to be considered a waste incinerator for the purposes of application of the EIA Directive (85/337/EEC, amended 97/11/EC and 2003/35/EC), therefore it falls under Annex I item 10 (capacity greater than 100 tons per day) requiring the execution of an EIA. According to the information provided by the promoter an EIA has indeed been conducted, an EIS has been carried out and the final approval is expected by December 2008. It is also expected that the facility will comply with the emission limits of Directive 2000/76/EC (incineration of waste Directive).

    The promoter does not enjoy any exclusive or special rights in the sense of the Utilities Directive 2004/17/EC to perform its activity. Thus the project is not subject to public procurement procedures. The procurement processes of the project are ongoing and will be reviewed during the appraisal. In particular, the Bank will verify that suitable procurement procedures have been followed ensuring an appropriate selection of works, goods and services at competitive prices and that contracts have been or are being negotiated impartially and in accord with the project’s best interests.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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 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