The European Bank for Reconstruction and Development (EBRD), as part of the Green Cities program, intends to provide Kyivteploenergo with a loan of EUR 140 million for the modernization of the central heating infrastructure, according to information on the bank’s website.
The project, the approval of which is scheduled for May 27, will be aimed at ensuring the sustainable and efficient operation of Kyiv combined heat and power plants (CHPP) and boiler houses, improving the reliability and quality of heat supply and hot water supply.
As reported, last year, Kyivteploenergo announced its intention to attract a EBRD loan in the amount of EUR 140 million with a three-year grace period to modernize the municipal heating system. At that time, three main areas of the project were reported: closing 45 small boiler houses (out of 200 boiler houses the company has), replacing a condensing heat exchanger at the small block of CHPP-5, and installing new generating capacities at CHPP-6.
The EBRD is the largest international financial investor in Ukraine. Since the beginning of its activity in the country in 1993, the bank has financed 445 projects for a total amount of almost EUR 14.6 billion.
