Release date: 8 April 2025
Promoter – Financial Intermediary
RIGAS SILTUMS ASLocation
Description
The project will finance a four-year investment programme concerning the rehabilitation of the district heating network in Riga city.
Objectives
In line with the EU and national energy efficiency objectives, the project will improve the energy efficiency and ensure the security of supply of the district heating system in Riga.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 47 million
Total cost (Approximate amount)
EUR 135 million
Environmental aspects
Based on its technical characteristics, the project (consisting of reconstruction of district heating pipelines) is not expected to be subject to any Annexes of the Environmental Impact Assessment (EIA) Directive (2011/92/EC as amended by Directive 2014/52/EC), which will be confirmed during appraisal. Based on available information at this stage, the environmental impacts of the project are expected to be minor and related mainly to noise, vibration, dust, and traffic disruption, and mostly temporary during the construction, which will be mitigated through appropriate site organisation and construction management.
Procurement
As a public undertaking operating in the utility sector, the Promoter is subject to public procurement and its procurement procedures need to be in line with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/25/EU, where applicable, as well as Directive 92/13/EEC), as transposed in the national legislation, with publication of the tender and award notices in the Official Journal of the European Union, as and where required.
Status
Under appraisal - 14/01/2025
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).