Moldova: residents to enjoy better heating in Balti thanks to EBRD support
Citizens of Balti, Moldova’s second-largest city, will benefit from more efficient district heating thanks to a new €15 million loan from the European Bank for Reconstruction and Development (EBRD) to state-owned company CET Nord JSC.
The company provides district heating services to around 70 per cent of the city’s population, as well as to numerous public buildings and commercial entities.
The EBRD will provide a €14 million loan, alongside Green Climate Fund (GCF) financing of €1 million. The loan will be complemented by a €2 million grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund.
The project is a follow-on investment in Balti’s district heating system under the flagship urban sustainability programme, EBRD Green Cities. It addresses the city’s key environmental challenges, including air quality and climate change.
Find out more
MOST READ
SEE ALSO
Voice Your Vision: Young European Ambassadors take part in European Forum of Young Leaders in Warsaw
Young Moldovans experience the European Parliament’s inner working with Model European Union
Young European Ambassadors join European Youth Week 2024
Regional conference for Eastern Partner countries sparks dialogue on sustainable solutions for heating and energy efficiency
No, time is not on Russia’s side: Borrell depicts Russian economy shrinking due to war and EU sanctions
The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,
