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    Reference: 20120688
    Release date: 7 October 2013

    Promoter – Financial Intermediary

    Private sector company

    Location

    Description

    The project comprises four gas-fired, combined heat and power (CHP) plants in various locations in Poland. The new units will be located within the boundaries of the existing heat and power generating facilities and replace obsolete coal-fired installations.

    Objectives

    The projects will contribute to meeting heat and electricity demand at a competitive cost using natural gas as a a fuel source. All components of the project are located in a convergence region. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest of the Treaty on the functioning of the EU. The financing of these investments will contribute to the EIB's lending priority policies on energy efficiency, diversification and security of supply, climate action, and on convergence regions.

    Comments

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    PLN 490 million (EUR 117 million)

    Total cost (Approximate amount)

    PLN 1960 million (EUR 466 million)

    Environmental aspects

    The project falls either under Annex 1 or Annex 2 of the Environmental Impact Assessment (EIA) Directive. The projects falling under Annex 2 were screened out by the competent authority in accordance with the national legislation. The environmental aspects of all four projects and the completed EIAs will be assessed during the appraisal. All the plants will be located on brown field sites within the boundaries of existing facilities. It is expected that the electricity generated by the plants will be co-generated at high efficiency as defined by the Energy Efficiency Directive 2012/27/EU.

    Procurement

    The Bank will confirm during the appraisal that the promoter procures the contracts in accordance with the applicable EU procurement legislation (Directive 2004/17/EC), with publication of tender notices in the EU Official Journal.

    Status

    Signed - 27/10/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Poland Energy