Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Finland : € 70,000,000
Sweden : € 80,000,000
Poland : € 100,000,000
Energy : € 250,000,000
Signature date(s)
26/05/2009 : € 70,000,000
26/05/2009 : € 80,000,000
26/05/2009 : € 100,000,000
Link to source

Summary sheet

Release date
7 September 2007
Status
Reference
Signed | 26/05/2009
20070081
Project name
Promoter - financial intermediary
Fortum CHP and E-Metering
Fortum Corporation, headquartered in Espoo, Finland.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million.
EUR 565 million, indicatively.
Location
Sector(s)
Description
Objectives

The project consists of three components. Two of them aim to replace aging power and heat production capacities by modern, combined heat and power (CHP) or co-generation plants: (i) Construction of a combined-heat and power (CHP) plant in Poland; (ii) construction of a natural-gas fired CCGT plant co-generating power and heat in Finland; and (iii) implementation of a digital remote metering infrastructure on the low voltage level in Sweden.

In line with the EU Action Plan for Energy Efficiency, the project aims to expand the utilisation of combined heat and power plants in Europe, and to support climate change initiatives by promoting efficient generating technologies as well as the use of biomass. The introduction of digital metering is expected to contribute to the development of a harmonised pan-Nordic electricity retail market through automatic meter management (AMM) standardisation.

Environmental aspects
Procurement

By virtue of their technical characteristics, the co-generation units are subject to an EIA in line with 97/11, Annex I (CCGT) and Annex II (CHP), respectively. Any adverse environmental impact of the digital remote metering infrastructure is expected to be minimal.

The promoter regularly publishes contract notices in the EU Official Journal under the applicable Directives, indicating that the procedures applied appear to follow the requirements. Full details of the followed procurement procedures will be verified during appraisal.

Link to source

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).

News & Stories

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

Related publications