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EIB LENDS GOTEBORG ENERGI EURO 87.4 MILLION FOR NEW CHP PLANT.

The European Investment Bank (EIB) is extending a loan of 800 million Swedish Kronor, approximately Euro 87.39 million, to Goteborg Energi AB for the construction of a gas-fired combined-cycle co-generation unit - Rya Kraftvarmeverk - and the extension, reinforcement and upgrading of the municipal district heating and power networks. The new plant will have a capacity of 600 MW and is to be located close to Rya harbour, some 7 km outside Gothenburg. By operating this new plant, Goteborg Energi will boost its own electricity generation to about one third, supplying some 30% of the citys electricity and approximately 25% of the heating requirements.

The new Rya plant will lead to a reduction of CO2 emissions by about 600,000 tonnes per year, corresponding to about 35% of the present emissions from Swedish electricity production or 1% of the countrys total emission of carbon dioxide. Goteborg Energi is a regional energy company wholly owned by the City of Gothenburg. It is the leading energy company in Western Sweden.

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Publication:European Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:Jul 3, 2004
Words:167
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