EIB to finance replacement of coal-fired district heating plant in Germany

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The European Investment Bank has announced the allocation of funding towards the replacement of a coal-fired district heating plant in Kiel, Germany.

The loan is expected to be EUR105m, and the total investment involved is EUR 248.8m. It is being allocated by the bank as part of the European Fund for Strategic Investment with Stadtwerke Kiel the beneficiary.
The project entails the construction and operation of a modern and environmentally responsible energy supply plant (including heat storage and an electrode boiler) with around 200 MW capacity for power, and nearly the same capacity for heat in the city of Kiel, capital of the German Federal State of Schleswig Holstein.

The plant shall be equipped with 20 gas-fired engines and a heat storage facility and will mainly supply Kiel's local district heating network and replace the current coal-fired power plant, which has been in operation for over 40 years.

The project seeks to maximise flexibility in generating heat and power, in particular allowing the operator to provide stabilising services to the grid.

Due to its size, the project falls under the EIA Directive 2011/92/EU and under the Industrial Emissions Directive (2010/75/EU). Consequently, an EIA and compliance with Best Available Technique is deemed compulsory for authorisation. The project will be erected outside areas of nature conservation interest, next to an existing hard coal fired CHP plant.

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