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Jēkabpils Siltums to Install New 0.99 MW Biomass Boiler

Jekabpils Heating Modernization Contract Signed With Altum SIA “Jēkabpils siltums” signed an agreement with financial institution Altum on September 22 to modernize the boiler house at Celtnieku ielā 13A, securing financial support in the form of a capital…

Jēkabpils Siltums to Install New 0.99 MW Biomass Boiler

Jekabpils Heating Modernization Contract Signed With Altum

SIA “Jēkabpils siltums” signed an agreement with financial institution Altum on September 22 to modernize the boiler house at Celtnieku ielā 13A, securing financial support in the form of a capital discount upon successful project completion. The municipal utility company aims to improve heating supply efficiency and cut production costs through the overhaul.

Biomass Boiler Replacement Details

The project centers on removing the existing woodchip boiler and installing a modern biomass heating unit with a capacity of 0.99 megawatts. SIA “P.M.G.” holds the contract for construction and execution work. Meanwhile, SIA “JUKOBŪVE” will oversee the construction supervision to ensure compliance with project specifications.

Efficiency And Automation Targets

The technological upgrade delivers two primary operational improvements for the utility provider. The new equipment operates with significantly higher efficiency, which reduces the resource consumption required to generate the same volume of heat. Full automation allows the unit to run independently without constant on-site staff supervision, cutting personnel costs for the company.

Altum provides capital discount for project costs

Total project costs reach 415,248 euros, excluding value-added tax. The financial backing from Altum functions as a capital discount, meaning funds are disbursed following the successful implementation and verification of the modernization work.

When was the Altum agreement signed?

When was the Altum agreement signed?

The agreement between SIA “Jēkabpils siltums” and Altum was signed on September 22.

Who is responsible for constructing the new boiler?

SIA “P.M.G.” holds the contract to perform the installation and construction work at the Celtnieku ielā 13A boiler house.

What is the capacity of the new biomass heating unit?

The new biomass heating equipment features a capacity of 0.99 megatwatts.

About the author: Marcus Liu - Business Editor

MBA and ex‑B bureau chief specializing in global finance and fintech. Marcus speaks Mandarin, Japanese, and English, and has interviewed CEOs from the Fortune 50 to Y‑Combinator unicorns. Marcus Liu delivers sharp analysis on markets, startups, and corporate strategy for investors and entrepreneurs alike.