Moldova: residents to enjoy better heating in Balti thanks to EBRD support

Moldova: residents to enjoy better heating in Balti thanks to EBRD support

January 10, 2022

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. 

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