In 2012, EIC paid out grants in the amount of about EUR 250 million

22. April 2013 | 13:35

The Supervisory Board of the foundation Environmental Investment Centre (EIC) approved the foundation’s annual report for 2012, according to which the volume of grants increased in all fields. EUR 40.6 million was paid out from the Environmental Programme and EUR 200 million from the European Union structural funds together with co-financing. In 2012, the balance sheet total for EIC was over EUR 192 million and the special purpose loan portfolio was about EUR 80 million.

“EIC had a busy and successful year. We invested a lot in order to make being in nature pleasant and as simple as possible for everyone - be it either increasing the visitor-friendliness of reserves or tidying manor parks. The demolition programme for industrial buildings that pollute the landscape started off well and we definitely plan to continue. I consider important those investments that do not deal with the consequences of pollution, but help to reduce our footprint already in the early stage. To industries, last year we allocated EUR ... million and grants in the amount of EUR 4.1 million for increasing environmental awareness,” said Keit Pentus-Rosimannus, Chairman of the Supervisory Board of EIC and Minister of the Environment.

EIC’s income from environmental use in 2012 was EUR 35.8 million, compared to EUR 39.6 million in 2011. The change was mainly due to the decrease in sums coming from Estonia’s environmental use.

From the funds received from environmental use, EIC received grant applications for 1933 projects in the total amount of EUR 110 million. From these, the board decided to support 1096 projects in the total sum of EUR 46 million. From this, EUR 40.6 million was paid out in 2012; this is EUR 9 million more than in 2011.

“Last year was intense for the people of EIC; the disbursed sum was a record and the number of projects high. At the same time, we also contributed to the preparation of the next European Union funding period,” said Veiko Kaufmann, Chairman of the Management Board of EIC. “The most pleasant thing is to admit that the set goals were fulfilled,” he said.

In 2012, EIC mediated foreign aid with co-financing of EUR 206 million in total; this is 39% more than in 2011. At the same time, the volume of mediated foreign aid increased in 2012 by EUR 57 million, or 40%, and with co-financing the volume increased by EUR 109 000, or 3%.

The 2012 annual report for EIC in full.

EIC maintains a healthy living environment, values clean nature and sustainable development. By being a leading agency for environmental grants and investments, EIC funds different environmental projects from the environmental fees of the Republic of Estonia, the sale of Estonia’s CO2 quotas, and the European Union structural funds (ERDF, ESF, CF, and other small-scale EU aid schemes). In addition, EIC offers the possibility to apply for a special purpose loan for the implementation of environmental projects.

Background information

A selection of projects finished in 2012:

Within the framework of the Green Investment Scheme, the reconstruction of boiler houses and heating mainlines and the construction of district heating systems continued in 2012. As a new activity, EIC started the street lighting reconstruction programme, thanks to which Kuressaare, Valga, Võru, Jõhvi, Haapsalu, Keila, and Paide will get energy-efficient street lighting.

The heating mainlines reconstruction projects were completed in Räpina, Sompa, Vaida, and Lähte. Whole networks of district heating systems, i.e. thousands of metres of heating mainlines, were reconstructed, thanks to which more than 5000 MWh of heat energy is being saved annually. Within the Environmental Programme’s Atmospheric Air Protection Programme, seven boiler houses were rebuilt and are now using renewable fuel.

From the Green Investment Scheme, a school campaign within the framework of Energy Saving Week was supported, including more than 30 schools and 120 events.

From the Development of Environmental Education Infrastructure projects supported by European Union funds, the Museum of Natural History, the RMK Sagadi Nature School, and the Saaremaa Science and Interest School projects were completed in 2012.

With the support from the Environmental Programme’s Waste Management Programme, new waste plants were built in Vihula, Lihula, and Otepää and old ones renewed in Helme, Valga, and Haljala.

Under the water management scheme, more than 14 000 tonnes of hazardous waste and polluted surface were disposed of and 33 kilometres of Estonian rivers were cleaned up.

Elina Kink

Environmental Investments Centre

Communications Manager