Dalkia DH

completed

The project sponsor is Dalkia, a French company and leading international owner and operator of DH assets in the world. Dalkia is 66% owned by Veolia Environment and 34% owned by EDF, a French national power company. Dalkia currently manages 11,600 energy facilities in 41 countries. This investment supports a new holding company Dalkia DH (“Dalkia” or “the Company”), expected to be established in France, using Dalkia’s existing DH investments in the Baltic states as a platform, for expansion into district heating ventures in Russia, Ukraine and other CIS countries. DH networks in the CIS region represent a very large capital investment, comparable in scale to that of the region’s power sector. Neglect of this capital stock has resulted in extensive water leakage, excess energy use and adverse environmental impacts. Capital expenditures are expected to be used for the refurbishment and rehabilitation of existing DH assets, combined heat and power plants, and heat only boilers. The investment proposed here directly addresses water conservation, energy efficiency and environmental improvement.