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Summary sheet

Release date
25 June 2024
Status
Reference
Under appraisal | 21/05/2024
20210676
Project name
Promoter - financial intermediary
HAMBURG DISTRICT HEAT PLANT AND DISTRIBUTION
HAMBURGER ENERGIEWERKE GMBH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 90 million
EUR 403 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project will finance several investments in Hamburg district heat system, such as: - investment in the network (including heat storage of 2000 MWh capacity in Energy Park Tiefstack) - fuel conversion of 267 MW coal-fired cogeneration or combined heat and power (CHP) plant to biomass in Energy Park Tiefstackand - construction of a 60 MW Billwerder Bucht heat pump.

The key objectives aim at reducing greenhouse gas emissions and lower air pollution. by modernising the district heating systems and replacing fossil-fuel based central heating with a more sustainable and efficient renewable generation (heat pump, biomass boilers).

Environmental aspects
Procurement

Fuel conversion project requires a full Environmental Impact Assessment (EIA). The environmental aspects of the programme will be appropriately assessed as part of the EIB's appraisal process.

The promoter is a majority publicly-owned undertaking. The promoter has to ensure that contracts for the project implementation have been and will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/25/EU, and/or 2014/23/EU where applicable, as well as the Directive 92/13/EEC and/or Directive 89/665/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.

Milestone
Under appraisal
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).

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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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