Eesti Energia engaged €95m of new debt financing from EIB

Eesti Energia has signed two loan agreements with European Investment Bank (EIB) in the total amount of 95 million euros. 50 million euros is earmarked to finance waste-to-energy block investment in Eesti Energia Iru Power Plant. Additional 45 million euros is used to finance two onshore wind parks in Narva (39 MW) and Paldiski (22 MW). Maximum term of the two debt facilities is ten years.

Eesti Energia and European Investment Bank share a long history of co-operation and EIB remains a lender of strategic importance to Eesti Energia. In 2004 and 2009, Eesti Energia and EIB signed two loan agreements for the renovation and extension of electricity transmission and distribution network in the amount of 80 and 150 million euros, respectively.
Veiko Räim
Head of Investor Relations and Treasury
Eesti Energia AS
Tel: +372 715 2884
Mobile + 372 5668 1568
[email protected]