Release date: 24 March 2015
Promoter – Financial Intermediary
NESTE OIL OYJ, BOREALIS AG, VEOLIA NORDIC ABLocation
Description
A new industrial combined heat and power (CHP) plant in Kilpilahti, Finland
Objectives
The project comprises construction of a new CHP plant in Kilpilahti, Finland that will supply heat to the oil refinery and chemicals plant on the same site.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 175 million
Total cost (Approximate amount)
EUR 388 million
Environmental aspects
By virtue of its technical characteristics the project falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended 2014/52/EU). The promoter has conducted an EIA study, with public consultations in 2014.
Procurement
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector, and not having a status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is subject to EU public procurement legislation after all (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 15/03/2016
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).