Release date: 10 December 2015
Promoter – Financial Intermediary
LAHTI ENERGIA OYLocation
Description
Construction of a new biomass-based combined heat and power (CHP) plant for Lahti Energia Oy
Objectives
The project comprises the deployment of a combined heat and power biomass-fired plant at Kymijärvi in Lahti. The plant will provide electricity to the national grid and useful heat to the district heating system in the city of Lahti. The project will be implemented in two phases, with a separate investment decision for the second phase to be made later.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 205 million
Environmental aspects
The project is undergoing a mandatory environmental impact assessment according to the EU requirements for this type of plant. The environmental impact statement was completed in June 2014 and an application for environmental permit was submitted to the competent authorities.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 9/06/2016
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).