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    Reference: 20190302
    Release date: 12 March 2020

    Promoter – Financial Intermediary

    KAUNO ENERGIJA AB

    Location

    Description

    The project will finance the upgrade of the heating networks and heat generation assets located in Kaunas city and in several other smaller municipalities.

    Objectives

    The aim is to mantain and expand the district heating systems, decrease distribution losses and improve the reliability of heat supply, by modernising and expanding the grids, installing new renewable and gas-fired heat generation units or ugrading existing ones.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 55 million

    Total cost (Approximate amount)

    EUR 112 million

    Environmental aspects

    The project is an investment programme comprising numerous sub-operations from installation of biomass and gas-fired boilers to the modernisation and extension of district heating grids. Some sub-operations may fall under Annex II of the Environmental Impact Assessment (EIA) Directive thus requiring a review by the competent authorities at the planning/consent stage with due regard to the necessity for environmental and biodiversity impact and appropriate assessments. The environmental management capacity of the promoter and environmental aspects of the investments, including compliance with Industrial Emissions Directive 2010/75/EU and other EU legislative acts, will be appropriately assessed as part of the Bank's appraisal process.

    Procurement

    The promoter has to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/25/EU, and/or 2014/23/EU where applicable as well as the Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 7/08/2020

    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

    Lithuania Energy