Project Description
Transition Impact
The transition impact will likely be achieved though increased private sector participation in district heating, a sector which is traditionally government owned, providing real demonstration example of improved service levels and commercialisation.
The Client
E-energija, privately held energy company, which through its subsidiaries provides heat and hot water services in small and medium sized cities to both residential and industrial customers in Lithuania and Latvia.
EBRD Finance
EUR 5million equity in the holding company and EUR 15 million long term debt, provided in two tranches to its Ukrainian subsidiary
Project Cost
EUR 25 million.
Environmental Impact
Screened C/1. The project is expected to result in significant environmental benefits. The Company seeks to improve the efficiency of the systems it is operating and, in doing so, reduces environmental and health impacts. A corporate environmental audit is being undertaken to review the Company's current approach to project due diligence and environment, health and safety management during facility renovation and operation. The environmental investigations will focus on the Company's approach to upgrading and developing the facilities under its operation and on the systems the Company employs to manage key environment, health, safety and labour issues in its operations.
This section will be updated upon completion of the due diligence.
Technical Cooperation
None.
Company Contact
Virginius Strioga, CEO
Jogailos st. 4, LT-01116 Vilnius
Tel: +370 5 268 5989
Email: v.strioga@e-energija.lt
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
