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Reference: 20130639
Release date: 17 June 2014

Promoter – Financial Intermediary

LATVENERGO

Location

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

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).

Related tags

Latvia Energy