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    Signature(s)

    Amount
    € 55,000,000
    Countries
    Sector(s)
    Lithuania : € 55,000,000
    Energy : € 55,000,000
    Signature date(s)
    7/08/2020 : € 55,000,000
    Link to source

    Summary sheet

    Release date
    12 March 2020
    Status
    Reference
    Signed | 07/08/2020
    20190302
    Project name
    Promoter - financial intermediary
    KAUNAS HEATING CAPEX PROGRAMME
    KAUNO ENERGIJA AB
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 55 million
    EUR 112 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project will finance the upgrade of the heating networks and heat generation assets located in Kaunas city and in several other smaller municipalities.

    The aim is to mantain and expand the district heating systems, decrease distribution losses and improve the reliability of heat supply, by modernising and expanding the grids, installing new renewable and gas-fired heat generation units or ugrading existing ones.

    Environmental aspects
    Procurement

    The project is an investment programme comprising numerous sub-operations from installation of biomass and gas-fired boilers to the modernisation and extension of district heating grids. Some sub-operations may fall under Annex II of the Environmental Impact Assessment (EIA) Directive thus requiring a review by the competent authorities at the planning/consent stage with due regard to the necessity for environmental and biodiversity impact and appropriate assessments. The environmental management capacity of the promoter and environmental aspects of the investments, including compliance with Industrial Emissions Directive 2010/75/EU and other EU legislative acts, will be appropriately assessed as part of the Bank's appraisal process.

    The promoter has to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/25/EU, and/or 2014/23/EU where applicable as well as the Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - KAUNAS HEATING CAPEX PROGRAMME
    Publication Date
    3 Jul 2020
    Document language
    Main Topic
    Lending
    Document Number
    125286931
    Document Focus
    Environmental Information
    Project Number
    20190302
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - KAUNAS HEATING CAPEX PROGRAMME
    Publication Date
    20 Jul 2020
    Document Language
    English
    Main Topic
    lending
    Document Number
    132091401
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20190302
    Last update
    20 Jul 2020
    Sector(s)
    Energy
    Countries
    Lithuania
    Publicly available
    Download now

    News & Stories

    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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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.

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    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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