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Investment loan for the upgrade of Latvian electricity distribution network as well as increasing renewable energy capacities in Latvia
Details
Location:Latvia
Category:Unspecified/other
Status:Approval
Sectors:Energy, Heating & Cooling systems
Languages:English
Contracting authority: Latvenergo / Akciju Sabiedriba Latvenergo
Description
Latvia. Latvenergo A/S Date of agreement: 17 Dec 2024Country: LatviaCustomer: Latvenergo A/SAmount in EUR: EUR 230 millionMaturity: 15 yearsNACE sector / loan type: Electricity, gas, steam and hot water supply Project The loan has been provided for the La
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tender Background
About the Funding Agency
NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. The Bank offers long-term loans and guarantees on competitive market terms to its clients in the private and public sectors. NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank has lending operations both in and outside its member countries. NIB acquires the funds for its lending by borrowing on the international capital markets. NIB's bonds enjoy the highest possible credit rating.
Type of projects: services, supply, works.
In order to see NIB opportunities on DevelopmentAid, please click here.
About the Sectors
Energy
Involves the production, transformation, transportation, and distribution of energy from renewable and non-renewable sources.
Key areas:
- Renewable and non-renewable energy production
- Energy infrastructure and distribution systems
- Power generation and energy supply solutions
Heating & Cooling systems
Involves systems and equipment used for heating, cooling, ventilation, and temperature control in buildings and facilities.
Key areas:
- Heating and cooling installations
- Heating, Ventilation, and Air Conditioning (HVAC) and ventilation systems
- Temperature control and refrigeration equipment
Locations
Latvia
Latvia prioritizes rail connectivity, port development, energy security, and digital infrastructure to enhance Baltic regional integration. Projects such as Rail Baltica strengthen links with neighboring EU markets. Financing relies on national budgets, EU cohesion funds, and private participation. Energy independence, cybersecurity, and demographic trends shape long-term infrastructure planning.
Nr. of tenders: 8804
Nr. of grants: 15741
Nr. of donors: 616
Nr. of jobs: 26
Nr. of tenders: 8804
Nr. of grants: 15741
Nr. of donors: 616
Nr. of jobs: 26
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