Release date: 12 June 2002
Promoter – Financial Intermediary
Frantschach Świecie (FS) and Polish Energy Partners SA (PEP)Location
Description
Modernisation of an existing CHP plant, sold and leased back by and located at the premises of FS, including construction of a new coal/biomass-fuelled circulating fluidised bed boiler together with ancillary works.
Objectives
To create an “Energy Alliance” with FS ensuring the efficient supply of energy to the existing pulp and paper mill and compliance with EU level environmental standards.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 30 mio
Total cost (Approximate amount)
EUR 70 mio
Environmental aspects
An EIA will be presented to the competent authorities following a preliminary application submitted in January 2000. The modernised CHP plant will be designed to comply with the environmental standards applicable within the EU. It is expected that the improved energy efficiency of the existing facilities and the use of biomass fuel in the new boiler will also have a positive environmental impact.
Procurement
The relevant turnkey contact has been negotiated amongst a number of international groups with experience in the sector.
Status
Signed - 7/11/2002
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).