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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Poland : € 30,000,000
Energy : € 30,000,000
Signature date(s)
7/11/2002 : € 30,000,000
Link to source

Summary sheet

Release date
12 June 2002
Status
Reference
Signed | 07/11/2002
20010605
Project name
Promoter - financial intermediary
Saturn Energy
Frantschach Świecie (FS) and Polish Energy Partners SA (PEP)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
In the order of EUR 30 mio
EUR 70 mio
Location
Sector(s)
Description
Objectives

Modernisation of an existing CHP plant, sold and leased back by and located at the premises of FS, including construction of a new coal/biomass-fuelled circulating fluidised bed boiler together with ancillary works.

To create an “Energy Alliance” with FS ensuring the efficient supply of energy to the existing pulp and paper mill and compliance with EU level environmental standards.

Environmental aspects
Procurement

An EIA will be presented to the competent authorities following a preliminary application submitted in January 2000. The modernised CHP plant will be designed to comply with the environmental standards applicable within the EU. It is expected that the improved energy efficiency of the existing facilities and the use of biomass fuel in the new boiler will also have a positive environmental impact.

The relevant turnkey contact has been negotiated amongst a number of international groups with experience in the sector.

Link to source
Summary sheet

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).

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