E Energija District Heating Project

complete

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. 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. EUR 5million equity in the holding company and EUR 15 million long term debt, provided in two tranches to its Ukrainian subsidiary EUR 25 million. 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. None. Virginius Strioga, CEO Jogailos st. 4, LT-01116 Vilnius Tel: +370 5 268 5989 Email: v.strioga@e-energija.lt