Project description
and objectives:
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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.
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Transition impact:
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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.
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The client:
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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.
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EBRD finance:
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EUR 5million equity in the holding company and EUR 15 million long term debt,
provided in two tranches to its Ukrainian subsidiary
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Total project cost:
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EUR 25 million.
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Environmental impact:
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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.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Virginius Strioga, CEO
Jogailos st. 4, LT-01116 Vilnius
Tel: +370 5 268 5989
Email: v.strioga@e-energija.lt
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EBRD contact:
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Witek Szpak, Operation Leader: szpakw@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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