To strengthen its risk management and to expand the range of financial products offered to its clients in the energy sector, the joint stock company Public Investment Development Agency (VIPA) is implementing a project for the development of a pricing methodology for loans and guarantees, a methodology for assessing the creditworthiness of clients, and models on the basis thereof.

Last year, VIPA announced an open international tender for the implementation of the project. The proposal submitted by JSC “Ernst & Young Baltic“  won the tender and on 1 September 2020, VIPA signed a contract with the company for the provision of the requested services. According to the terms and conditions of the contract, the requested services will be provided by the Ernst & Young units in Lithuania and the Czech Republic. The project is expected to be implemented within 15 months.

The project is part of VIPA’s programme titled “Building organisational capacity for Energy Efficiency Investment Platform”. VIPA contributes its own funds to the implementation of the programme, which receives a substantial financial support from the European Union through the European Investment Advisory Hub. The programme’s main objective is to help VIPA introduce new financing schemes to support projects in the energy sector.

For more information about the terms and conditions of the signed contract with JSC “Ernst &Young Baltic“ please use the link provided below.

The European Investment Advisory Hub is a partnership between the European Investment Bank Group and the European Commission as part of the Investment Plan for Europe. The Hub is designed to act as a single access point to various types of advisory and technical assistance services. It supports the identification, preparation and development of investment projects across the European Union.