Deals

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04.12.2018

PRIMUS DERLING represents AS Energoeco in the sale of biomass cogeneration power plant

PRIMUS DERLING represented AS Energoeco, the shareholder of biomass cogeneration power plant operator SIA Energia Verde, in the sale of 70% of shares to BaltCap Infrastructure Fund. The cogeneration power plant is equipped with an 18-megawatt HoSt Bio Energy Installations high pressure steam boiler and a 3.98-megawatt steam turbine, and the electricity produced by it ensures heat to the heating system in the districts of Riga; the investment made in it amounts to EUR 17 million.

Within the scope of the transaction, PRIMUS DERLING provided full legal assistance in the preparation of transaction documents and represented AS Energoeco during the contract negotiations. The law firm expert team is comprised of partners Zane Eglīte-Fogele, Sintija Radionova and the head of the Commercial Law team Zane Krecere-Jemeļjanova.

Contacts

Estonia

Liivalaia 45, 10145 Tallinn
Kaluri 2, 51004 Tartu

Latvia

Sporta str. 11, LV-1013, Riga

Lithuania

Konstitucijos av. 7,
LT-09308, Vilnius

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