Release date: 21 September 2005
Location
Description
Replacement of an existing combined heat and power plant (TEC-2) in Riga, Latvia (Objective 1 Area). The installation comprises a gas-fired combined cycle unit, heat recovery steam generator and steam turbine with an anticipated net power output of approximately 400 MWe.
Objectives
To raise the reliability and efficiency of energy supply in Latvia, and meeting environmental policy objectives.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million. The EIB has submitted its financing proposal for EUR 40 million in July 2005 to Latvenergo following a public procurement tender. Latvenergo is expected to publish the results of the tender by year-end 2005.
Total cost (Approximate amount)
Approximately EUR 200 million.
Environmental aspects
The project will be located in a lightly inhabited industrial area east of the city on the site of the existing plant. Environmental Impact Assessment (EIA) was conducted in line with EU Directives and national law.
Procurement
Procurement procedures are in compliance with relevant EU directives and national and regional legislation.
Status
Signed - 15/12/2005
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).