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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.
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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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