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.
The European Bank for Reconstruction and Development (EBRD) could provide Kyivteploenergo with up to EUR140 million in a loan to modernize the heat and power complex of the capital, Senior Adviser of the EBRD Anton Usov has said.
The parties under the ERBD Green Cities program signed an agreement on the preparation of financing.
It is expected that the result of this work will be a loan of up to EUR140 million, Usov said on Facebook.
As reported, Kyiv, following Lviv, became the second city in Ukraine, which joined the EBRD Green Cities project.
In the autumn of 2018, the EBRD approved the extension of this program with the possibility of allocating additional financing in the form of various loans with a total volume of up to EUR700 million. According to the program’s website, it currently has over EUR1 billion of confirmed funding, of which more than EUR250 million has already been invested.
The Kyiv City Council at a plenary session on Thursday has amended the city’s budget for 2018, expanding the charter capital of municipal enterprise Kyivteploenergo by UAH 196 million.
The press service of the Kyiv City Council reported that the revenue target of the general fund of Kyiv’s budget was met by 108.4% in January-September 2018, which gave grounds for reviewing the revenues and expenditure of the document.
It was decided to assign UAH 196 million to expand the charter capital of Kyivteploenergo and UAH 100 million for education (payment of wages to teachers).
