ANNOUNCEMENT 23 Sep 2020
In September 2020, the European Investment Bank (EIB) signed a loan agreement with the Lithuanian company Energijos skirstymo operatorius AB (ESO) to support the installation of the new electric metering system.
NUMBER OF INTERVENTIONS
The European Investment Bank, SMART METERING DEPLOYMENT, 26 October 2020, Available at https://www.eib.org/en/projects/pipelines/all/20180709
On 23 September 2020, the European Investment Bank (EIB) and Energijos Skirstymo Operatorius AB (ESO) signed a loan agreement having a total value of EUR 110 million (approx. USD 130.9 million) to support the installation of a new electric metering system.
The new metric system is expected to replace the existing electromechanical meters and install around 1.2 million electricity smart meters in Lithuania in the period 2020-2023.
Energijos Skirstymo Operatorius AB (ESO) is a company that specializes in electricity and gas distribution. The company has its headquarters in Vilnius, Lithuania.
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the loan agreement here is discriminatory.