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Summary sheet

Release date
6 May 2026
Status
Reference
Under appraisal | 16/12/2025
20250566
Project name
Promoter - financial intermediary
VILNIUS DISTRICT HEATING UPGRADE
AB MIESTO GIJOS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 170 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The operation consists of the financing of a multiyear investment programme concerning decarbonisation, modernisation and extension of the district heating networks in Vilnius city, including low-carbon heat generation and storage.

In line with the EU and national energy efficiency objectives, the project will improve the energy efficiency and ensure the security of supply of the district heating system in Vilnius. The investment programme will help to maintain and expand the district heating network as well as to install new low-carbon heat generation units.

Environmental aspects
Procurement

The investment programme includes numerous sub-operations from installation of low carbon heat generation units (heat pumps, waste heat recovery units, biomass boiler houses) to the modernisation and extension of district heating grids. As such, it may include components that fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU as amended by Directive 2014/52/EU), which requires the competent national authority to determine the need for an EIA. The environmental and social due diligence will focus on the Promoter's capacity to implement the program in line with the EU regulations. As the project includes the investment in biomass-fired boilers among other schemes, the assessment will concern also the sustainability of biomass.

As a public undertaking operating in the utility sector, the Promoter is subject to public procurement and its procurement procedures need to be in line with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/25/EU, where applicable, as well as Directive 92/13/EEC), as transposed in the national legislation, with publication of the tender and award notices in the Official Journal of the European Union, as and where required.

Milestone
Under appraisal

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).

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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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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