Latvenergo AS plans to acquire wind, solar and hybrid power plants in order to develop the generation of energy from renewable sources, in line with Latvenergo Group’s medium-term operational strategy and the objectives of green energy generation set out therein. In order to diversify its power generation portfolio, meet EU-wide decarbonisation targets and deliver long-term shareholder value, Latvenergo AS has set ambitious targets for increasing its green power generation capacity, including through a strategy of asset mergers and acquisitions (M&A).
PricewaterhouseCoopers SIA will act as an independent consultant for the selection and evaluation of the projects to ensure the protection of confidential information and efficient management of the process.
Detailed information on the conditions and prerequisites for project selection (wind and solar power plants), as well as the application form are attached in the annexes:
Conditions of Participation for the selection of wind power plant projects for sale to Latvenergo AS
In order to ensure the non-disclosure of confidential information, if the information submitted contains a trade secret, the project applicant shall identify it by highlighting the text or numbers in yellow and prepare a separate version of the document that does not contain the trade secret. PricewaterhouseCoopers SIA shall ensure that no restricted information is released to Latvenergo AS until the due diligence phase.
All information submitted to PricewaterhouseCoopers SIA about the Project and the Project Developer shall be used solely for the purpose of this project selection process until its expiry. The information submitted shall not be disclosed to other tenderers. All information requested is the minimum necessary for the initial selection of Projects. Latvenergo will offer to enter into a non-disclosure agreement for other and relevant (including confidential) information, assuming that the specific Project meets the minimum qualification requirements and scores sufficiently high in the overall assessment of the information initially submitted.