EIB LOAN LATVIA NEW CHP PLANT
January 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has formally announced that it is lending Euro 40 million to Latvia state energy company JSC Latvenergo to replace its TEC-2 thermal power plant in the capital Riga by a state-of-the-art combined heat and power (CHP) plant. The plant will have a generation capacity of 400 MW and also provide 270 MW for district heating to the city via a heat recovery steam generator and steam turbine. The project, said an EIB note: "Is particularly important in contributing to reduction of atmospheric emissions by ...
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