Kyivteploenergo will receive EUR140 million loan from EBRD for reconstruction of CHPs and boiler houses

The European Bank for Reconstruction and Development (EBRD) will provide Kyivteploenergo with a loan of EUR140 million for the modernization of the heating system in Kyiv, in particular the reconstruction of CHPs and individual boiler houses, as well as the introduction of a new dispatch and monitoring system, Interfax-Ukraine reports.

According to a press release from the EBRD on Thursday, the city of Kyiv and Kyivteploenergo, in addition to a bank loan for the modernization of the heating network, will also allocate EUR26 million of their own funds.

“The implementation of the project will ensure an increase in energy and resource efficiency, as well as the quality and reliability of heat and hot water supply to domestic and non-domestic consumers. The corresponding investments will also ensure a reduction in emissions by more than 193 thousand tons of CO2-equivalent per year and water consumption by 25 thousand cubic meters. m per year,” the document says.

According to the EBRD, the equipment purchased under the loan will fully comply with the EU Industrial Emissions Directive.

Kyivteploenergo is wholly owned by Kyiv, is the operator of the city's centralized heating system, consisting of two large gas CHPs, 15 large, 168 small and medium-sized boiler houses, 2800 km of heating networks, more than 9400 heating points and the Energia waste incineration plant.

Tags: heating season, CHP, investments, Ukraine, gas supplies, modernization, infrastructure, Kyiv, capital, housing and public utilities, thermal energy, Europe

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