E Energija District Heating Project

Location:

Regional

Project number:

37503

Business sector:

Municipal and environmental infrastructure

Notice type:

Private

Environmental category:

B

Target board date:

24 Jul 2007

Status:

Signed

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

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.