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Project summary document

Project name:Lenenergo
Country:Russia
Project number:28160
Business sector:Power and Energy
Public/Private:Private
Environmental category:B
Board date:17 December 2002
Status:Completed
Date PSD disclosed:
Date PSD updated:
15 November 2002
1 July 2002
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Project description
and objectives:

The proposed project involves completion of construction of a new 180MW unit at the TETS-5 CHP power plant in St Petersburg.

Transition impact:

The Bank’s involvement will provide critical support to a major Russian regional utility during a period of major restructuring of the country’s electricity industry. Assisting Lenenergo to implement a power and heat generation investment project will provide a model for the industry. The project will have a major social impact in St Petersburg by ensuring longer-term stability in electricity and heat supply to over half a million people in a major industrial area. The project will also result in significant environmental benefits through efficiency enhancement.

The client:

Lenenergo open joint-stock company, an integrated utility that generates, supplies and distributes electricity and heat in the city of St. Petersburg and its neighbouring regions. Lenenergo is 49% owned by RAO Unified Energy System of Russia.

EBRD finance:

Up to €40 million 7-year corporate loan to Lenenergo to finance capital investments for the completion of a new 180MW unit at the TETS-5 CHP power plant.

Total project cost:

€60 million

Environmental impact:

Screened B/1. An environmental audit of the existing TETS-5 power plant and an environmental analysis of the completion of construction of a new 180MW CHP unit have been carried out by international consultants. The Audit showed that TETS-5 is generally in compliance with relevant Russian environmental, health and safety (EHS) regulations and also identified some areas where the EHS performance of TETS-5 could be improved. The Environmental Analysis concluded that the completion of the new CHP unit would result in significant environmental improvements, including reduction of air emissions and improvement of their dispersion as well as reduction of wastewater and storm water discharges. Based on the findings of the investigations, an Environmental Action Plan (EAP) has been developed to address deficiencies in the current environmental performance of TETS-5 and to mitigate the environmental impacts of the completion of the new CHP unit. The EAP includes measures for improving waste and hazardous material management, fuels and oils storage and handling practices as well as water and wastewater management and for mitigating risk of soil and groundwater contamination. The implementation of the EAP will ensure that TETS-5 will comply with relevant Russian EHS regulations and EU environmental standards.

Technical
cooperation:

None.

For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants.

Company contact:

Lenenergo
Contact: Dmitri A. Khalizov
Tel: +7 812 318 3974
Fax:+7 812 318 3477
e-mail: khalizov@upr.energo.ru

EBRD contact:

Margarita Mesonzhnik, Operation Leader: mesonzhm@ebrd.com

Business opportunities:

For business opportunities or procurement, contact the client company.

General enquiries:

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com


Project Summary Documents are created before consideration by the EBRD Board of Directors. Details of a project may change following disclosure of a Project Summary Document. Project Summary Documents cannot be considered to represent official EBRD policy.
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