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    Reference: 20180379
    Release date: 21 October 2020

    Promoter – Financial Intermediary

    MEGATEM EC - LUBLIN SP ZOO

    Location

    Description

    The project concerns the financing of a biomass-fired combined heat and power (CHP) unit in Lublin, Poland. The unit will generate heat for the district heating system and electricity which will be supplied to the grid.

    Objectives

    The main objectives of the investment are to reduce greenhouse gas (GHG) emissions, ensure the security of heat supply, help to meet peak demand and improve the overall efficiency of heating services in Lublin.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 20 million

    Total cost (Approximate amount)

    EUR 40 million

    Environmental aspects

    The project falls under Annex II of the Environmental Impact Assessment (EIA) Directive. The competent authority decided that there was no need for environmental and biodiversity impact and appropriate assessments for the project. The construction permit has been issued by the competent authority.

    Procurement

    The Promoter is a private company and applied private procurement procedure for the biomass unit. It does not benefit from special and exclusive rights as per the Directives, the applied procedures followed good business practice and are acceptable for the Bank.

    Status

    Signed - 29/12/2020

    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

    Poland Energy