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Reference: 20240344
Release date: 8 April 2025

Promoter – Financial Intermediary

RIGAS SILTUMS AS

Location

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

Milestone
Under appraisal

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