Release date: 17 June 2014
Promoter – Financial Intermediary
LATVENERGOLocation
Description
Investment programme aimed at reinforcing and modernising an electricity distribution network in Latvia, improving overall reliability and safety as well as introducing smart meter infrastructure.
Objectives
The project is a three-year investment programme aimed at modernising and reinforcing the electricity distribution networks of Latvia.
Sector(s)
Proposed EIB finance (Approximate amount)
Not disclosed.
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
The project comprises the implementation of a number of electricity distribution schemes on low voltage and medium voltage that are not listed neither under Annex I nor Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), and therefore are not expected to require an EIA. The vast majority of the programme schemes are reinforcements of medium and low voltage equipment, connection of new users and facilities with limited environmental impact. The appraisal will ensure that appropriate assessment have been carried out for Natura2000 areas as well as bird areas.
Procurement
The Bank 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 (Dir 2004/17/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 17/12/2014