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Estonia : EIB lends EUR32M to ESTONIAN energy firm to build emergency reserve power plant.

The European Investment Bank (EIB) has announced that it is offering a loan of EUR 32 million to the Estonian energy firm Elering to build its back-up power production plant in Kiisa, the maiden emergency reserve power plant to come up in Estonia.

The Kiisa power plant will just be run in the event of emergencies, such as the failure of a major national power plant, when it is required to guarantee continous power supply for consumers.

The power plant's design characteristics seek to minimize the start-up time and power usage in warm standby mode, as well as to optimize dependability.

EIB support will help secure not only ESTONIA' power networks, but also those of Latvia and Lithuania.

Moreover, the construction of the plant would reduce the cost of emergency reserve power in the network tariffs in Estonia.

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Publication:Mena Report
Geographic Code:4EXES
Date:Jun 12, 2014
Words:150
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