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Start page / Home / History of the Fund

2014

July, 2014 Raimonds Aleksejenko becomes the Chairperson of the Board

2013

November, 2013 The Fund started the implementation of EU programme "Intelligent Energy Europe" funded project: "Procurement in Municipalities focusing on Energy Efficient Solutions (PRIMES)

November, 2013 The Fund started the implementation of EU programme "Intelligent Energy Europe" funded project: "Professional development programs to improve skills in energy-efficient building and construction in Latvia (BUILD UP SKILLS FORCE)
October, 2013
The Fund started the implementation of 7th Framework Programme project: "Monitoring and management of flowing rain water in Baltic Sea catchment areas (BalticFlows)
September, 2013 Ronalds Neimanis becomes the Chairperson of the Board

February, 2013 
The Fund started the implementation of LIAA Clusters program - Project "Industrial Energy Efficiency Cluster" with to raise export capacity of industrial enterprises and energy service providers in Latvia

2012

September, 2012 The Fund has fully repaid  the 1st NEFCO credit line

September, 2012 The Fund started the implementation of the Baltic Sea Region program project "Bioenergy Promotion 2 – from strategies to activities"

August, 2012 The Fund started the implementation of EU programme "Intelligent Energy Europe" funded project "SEAP Plus - more participants, more content across Europe"

April, 2012 The Fund reaches 15 years

April, 2012 Fund  gets involved in EU programme "Intelligent Energy Europe" funded project "Passive House Regions with Renewable Energies", which supports the growth of Passive House Regions in which “energy efficiency first” through Passive House is promoted, enabling remaining energy needs to be feasibly covered with on-site or nearby Renewable Energy sources

March, 2012 The Fund has started implementation of the EU funded project "Commercial mussel farming, processing and end-use in the Baltic Sea Region"

2011

December, 2011  The Fund in cooperation with other Latvian institutions initiates the project "Build up Skills - Latvia" financed by EU programme "Intelligent Energy Europe". The objective of the project is to promote implementation of sustainable energy policy in Latvia by the improvement of labour education in construction field

October 31st, 2011 Concluded 1145 agreements for Projects Financed by the Climate Change Financial Instrument (CCFI) Tender "Use of Renewable Energy Resources in Household Sector"

October 14th, 2011 Conclusion of 250th loan agreement about environmental project implementation

May 31st, 2011 Process of certification audit according to ISO 9001:2008 standart requirements has been finished sucessfully - new scopes of supply: CCFI implementation supervision, Awareness raising, Program and development cooperation project management, Financing

2010

December 21st, 2010 The Fund has concluded the new credit line of 5 million eiro with NEFCO to finance the ERDF projects

October 1st, 2010 by the International seminar and home page www.videsrisinajumi.lv, have been successfully completed the project "Successful adaption of the latest technological solutions for the implementation of the environmental projects" funded by European Economic Area Financial Mechanism"

August 1st, 2010 Fund takes over the Global Environment Facility and United Nations Organization development program project "Demonstrating and promoting best techniques and practices for reducing health-care waste to avoid environmental releases of dioxins and mercury"

March 3rd, 2010 According to the Amendments to the Law "Participation of the Republic of Latvia in the flexible mechanisms of the Kyoto Protocol" a number of functions regarding monitoring of implementation of projects co-financed by Climate Change Financial Instrument were delegated to the Fund

2009

May 22nd, 2009 The Fund signed the contract for implementation of the project "Successful addaption of the latest technological solutions for the implementation of the environmental projects" funded by European Economic Area Financial Mechanism

2008

October, 2008 Within the project "Environmentally sound disposal of PCB containing equipment" has been destroyed 340 tonnes PCB-containing equipment

May 7th, 2008 The Fund fully repaid to NEFCO the 3 million euro credit line

2007

December, 2007 First 100 tonns of PCB containing equipment has been successfully utilized within the project "Environmentally sound disposal of PCB containing equipment"

June 13th, 2007 First 100 tonns of PCB containing equipment has been exported within the project  "Environmentally sound disposal of PCB containing equipment"

May 31st, 2007 Conclusion of 200th loan agreement about environmental project implementation

April 28th, 2007 Fund's 10 year celebration

February, 2007 The process of recertification audit according to ISO 9001:2000 standart requirements has been finished sucessfully

2006

April 1st, 2006 Conclusion of 150th loan agreement about environmental project implementation

March 30th, 2006 The Fund, UNDP and the Ministry of environment have signed the agreement about implementation of the project "Environmentally sound disposal of PCB containing equipment"

January, 2006 The first refund of EU means has been received for the ERDF water management project pre-financed by the Fund

2005

December, 2005 The assets of the Fund exceeded 7 million lats

November 14th, 2005 The Fund has concluded the new credit line of 3 million eiro with NEFCO to finance the ERDF projects

July 6th, 2005 The share capital of the Fund has been increased until 4 427 196 lats

June 1st, 2005 The office of the Fund relocated to Ģertrūdes street 12-2

May 11th, 2005 The 100th loan agreement has been signed for realization of environmental project

2004

December 24th, 2004 The first loan agreement about pre-financing of the ERDF financed water management project has been signed by the Fund

October 21st, 2004 In accordance with the "Law on the procedures for the coming into force of the Commercial Law" the Fund has been registered as "Vides investīciju fonds" Ltd.

February 5th, 2004 The Fund has received the certificate ISO 9001 of quality management systems

2003

Year 2003 The new project "Heat insulation of buildings for energy saving purposes" has been started together with the Ministry of Environment of the Republic of Latvia and German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety. The loan amount for realization of project was 5 million euro and donation was about 2 million euro

January, year 2003 An agreement about the financing scheme for reconstruction of boiler houses with the United Nations Development Program has been signed, as a result biomass is used instead of coal or heavy oil during heat production in municipalities' boiler houses

2002

Year 2002 Clean Production Center has started its activities in the Fund consulting about implementation of clean production principles in Latvian enterprises

February 18th 2002 Ilze Puriņa becomes the Chair Person of the Board

2001

Year 2001 Repayment of first two loans for two successfully finished projects

2000

The end of year 2000 The assets of the Fund exceed 5 million lats
In the year 2000 the Fund has received financial support from the Danish Environmental Protection Agency (DEPA). The program, supported by the Agency and realized by Danish consulting company Carl Bro, is about promotion of cleaner production in Latvian enterprises

1999

July 1st, 1999 Jānis Doniņš becomes a director of the Fund

January 1st, 1999 The new office of the Fund is located on Pils street 6

March 18th, 1999 Loan agreement about management and activity of Environmental Loan Scheme and provision of 2 million euro between the Fund and EU Phare contact unit (the Ministry of Finance) has been signed

January 1st, 1999 Specialists from Irish ICC Bank have provided technical support within the framework of Phare program

1998

August 19th, 1998 Loan agreement about provision of 3.5 million euro for small municipalities for realization of water management projects between the Fund and the Nordic Environmental Finance Corporation (NEFCO) has been signed

June 12th, 1998 The first loan agreement is signed in the Fund

1997

April 28th, 1997 The Fund has been registered in the Register of Enterprises of the Republic of Latvia as State-owned non-profit limited liability company "Vides investīciju fonds"

April 28th, 1997 Indra Sāmīte becomes a director of the Fund

April 28th, 1997 The office of the Fund is located on Pils street 17



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