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    Signature(s)

    Amount
    € 175,000,000
    Countries
    Sector(s)
    Estonia : € 175,000,000
    Energy : € 175,000,000
    Signature date(s)
    19/12/2019 : € 175,000,000
    Link to source

    Summary sheet

    Release date
    10 January 2020
    Status
    Reference
    Signed | 19/12/2019
    20190442
    Project name
    Promoter - financial intermediary
    EESTI ENERGIA DISTRIBUTION NETWORK
    ELEKTRILEVI OU
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 175 million
    EUR 380 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project will finance part of Eesti Energia on-going investment programme in Estonia during the period 2019-2023. Financing will be used to extend and refurbish the electricity distribution networks, including investments in public lighting and charging stations for electric vehicles to take place in the same period.

    The project will allow the promoter to maintain and improve the reliability and quality standards of electricity supply, as well as to connect new users including renewable generation and charging stations for electric vehicles.

    Environmental aspects
    Procurement

    Some of the project schemes may fall under Annex II of Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU, thus requiring a review by the competent authorities at the planning/consent stage with due regard to the necessity for environmental and biodiversity assessments. The promoter's capacity and procedures to ensure compliance with environmental and biodiversity regulations will be reviewed during the appraisal as well as the possibility of impacts on sites of nature conservation.

    The promoter will have to ensure that contracts for the implementation of the schemes have been and will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU where applicable, as well as Directive 92/13/EEC and Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, 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) - EESTI ENERGIA DISTRIBUTION NETWORK
    Publication Date
    31 Jan 2020
    Document language
    Main Topic
    Lending
    Document Number
    94725893
    Document Focus
    Environmental Information
    Project Number
    20190442
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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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    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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