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    Reference: 20130557
    Release date: 11 July 2014

    Promoter – Financial Intermediary

    STADTWERKE KIEL AG

    Location

    Description

    Construction and operation of a modern and environmentally responsible energy supply plant (including heat storage and an electrode boiler) with around 200 MW capacity for power, and nearly the same capacity for heat in the city of Kiel, capital of the German Federal State of Schleswig Holstein. The plant shall be equipped with 20 gas-fired engines and a heat storage facility. The plant shall mainly supply Kiel's local district heating network and replace the current coal-fired power plant, which has been in operation for over 40 years.

    Objectives

    The project seeks to maximise flexibility in generating heat and power, in particular allowing the operator to provide stabilising services to the grid.

    Comments

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 105 million

    Total cost (Approximate amount)

    EUR 278 million

    Environmental aspects

    Due to its size, the project falls under Annex I of the EIA Directive 2011/92/EU and under the Industrial Emissions Directive (2010/75/EU). Consequently, an EIA and compliance with Best Available Technique is deemed compulsory for authorisation. The project will be erected outside areas of nature conservation interest, next to an existing hard coal fired CHP plant.

    Procurement

    The promoter is a majority publicly-owned undertaking. The primary activity of the project (district heat supply) would fall under Utilities Directive 2004/17/EC, requiring public sector rules to be utilised including publication of tender notices in the EU Official Journal, as and where required. The promoter announced that they would tender contracts for the implementation of the project in accordance with the relevant EU procurement legislation.

    Status

    Signed - 30/09/2016

    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

    Germany Energy