Early Warning System

Countries

Latvia

Geographic location where the impacts of the investment may be experienced.

Specific Location

Ledurga

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Nov 25, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

SIA Next Biogas

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 20.12 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 17.4
Converted using 2025-11-25 exchange rate.

Project Cost (USD)

$ 30.95 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 14, 2025

Disclosed by Bank Nov 28, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of a senior secured loan of up to EUR 17.4 million to SIA Next Biogas, a special purpose company incorporated in Latvia for the purpose of developing and operating a biomethane production plant. The Project will benefit from the EBRD InvestEU Framework for Biofuels Development.

The proceeds from the EBRD loan will be used to finance the capital expenditure for the acquisition of the existing Ekorima biogas plant, its expansion and upgrade to biomethane facility, construction of the CNG station, CO2 liquefaction, as well as gas grid injection infrastructure. The plant will have biomethane production capacity of 80,070 MWh/year producing bio-CNG (compressed biomethane), bioCO2, and digestate. Compressed biomethane will be transported via CNG trucks and injected into the gas grid. The Project aims to accelerate the green transition by reducing greenhouse gas emissions and promoting circular economy principles. By contributing to climate mitigation objectives 100% of the EBRD financing is classified as green finance.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental and Social Summary: Categorised B (ESP 2024). The Project involves the acquisition and rehabilitation of an existing waste-to-biogas plant in Ledurga, Latvia. The Project scope includes a grid injection point to be installed 100km east of the biofuel plant in Palsmane, Latvia which is subject to local permitting requirements. Compressed Natural Gas will be transported via specialised trucks from the biogas plant to the injection point.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

A senior secured loan of up to EUR 17.4 million. The Project will benefit from the EBRD InvestEU Framework for Biofuels Development.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

SIA Next Biogas is a Latvian special purpose vehicle established to develop, own, and operate the biomethane project in Ledurga, Latvia. The Company is ultimately owned by HoSt Holding B.V.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	SIA Next Biogas	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Uvis Egliens
uvis.egliens@host.lv
+371 29 53 98 35
www.host-bioenergy.com
Ceres iela 23 LV-1058 Riga Latvia

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html