EBRD mulls 22.5 mln euro mortgage to Kosovo for photo voltaic heating mission

PRISTINA (Kosovo), Might 10 (SeeNews) – The European Financial institution for Reconstruction and Improvement (EBRD) mentioned on Tuesday it’s contemplating provision of a sovereign mortgage of as much as 22.5 million euro ($23.7 million) to Kosovo for the development of a photo voltaic thermal plant.

The funding could be on-lent to municipal district heating firm Termokos, owned by the town of Pristina, to co-finance the development of the plant, which is able to present extra warmth power capability to the district heating community of the town, the EBRD mentioned in a mission abstract doc.

The mission might be co-financed with a 17.5 million euro mortgage from German state-owned funding and improvement financial institution Kreditanstalt fur Wiederaufbau (KfW), in addition to an funding grant of as much as 25 million euro from the German authorities, the EBRD added.

Moreover, technical cooperation grants are anticipated to be supplied by the Renewable District Heating in Western Balkans programme or the EBRD Shareholder Particular Fund, the financial institution mentioned.

The mission’s complete estimated price is 65 million euro together with technical help. The mission is a part of the EBRD Inexperienced Cities Framework 2, a strategic strategy concentrating on environmental points in chosen massive cities in EBRD’s international locations of operation.

($ = 0.9475 euro)

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