E Energija District Heating Project

Location:

Regional

Project number:

37503

Business sector:

Municipal and environmental infrastructure

Notice type:

Private

Environmental category:

C

Approval date:

24 Jul 2007

Status:

Complete

PSD disclosed:

22 Jun 2007

Project Description

EBRD is considering an equity investment in E-energija, a energy holding 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 and is considering expanding its operations into Ukraine.

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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