📋 Tender Overview
Project ID: 55637
Status: Signed
Location: Regional
Business Sector: Transport
Notice Type: State
Environmental Category: B
Approval Date: 11 Sep 2024
Disclosure date: 04 Jun 2025
Project Description
Senior, unsecured, corporate loan of up to EUR 60.0 million to AB Ignitis Grupe (the "Company") to support the development, construction, equipment and operation of Electric Vehicles ("EV") charging stations in the Baltic countries (the "Project"). As part of the Project, the Company is expected to benefit from an up to EUR 3.78 million grant financing under the EU Alternative Fuels Infrastructure Facility ("AFIF"). The Project will finance up to 600 public EV charging stations across Lithuania, Latvia and Estonia.
Project Objectives
The Bank's loan proceeds will be used for the roll-out of the charging stations for electric vehicles in the Baltic countries. The EV charging services market in the Baltic countries is in its development stage, lagging behind that in Western Europe in infrastructure and density. With this financing, the Company aims to fortify and expand its position in Lithuania, while creating a comprehensive public EV charging network in Latvia, focusing on strategic sites, ensuring optimal locations which cater to local demand and high-traffic areas, and penetrating gradually the Estonian EV charging services market.
