Release date: 4 June 2008
Promoter – Financial Intermediary
AS LatvenergoLocation
Description
The project consists of a 3-year investment programme (2008-2010) aimed at modernising the promoter’s distribution electricity networks throughout Latvia.
Objectives
The purpose of the project is mainly to improve the quality of electricity supplies to existing customers and to cater for load growth.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
EUR 328 million.
Environmental aspects
All the project schemes will fall under ANNEX II of the EIA Directive, leaving it to the national competent authority to decide whether an EIA would be required in line with the screening criteria specified in the directive. The specific requirements of the national competent authorities in Latvia will be investigated during appraisal. The potential negative impact on sites of nature conservation will be also investigated during appraisal.
Procurement
The EIB will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, with parallel publication of tender notices in the Official Journal of the EU as and where appropriate.
Status
Signed - 24/10/2008
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).