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EBRD mulls 22.5 mln euro loan to Kosovo for solar heating project

EBRD mulls 22.5 mln euro loan to Kosovo for solar heating project Vegim Zhitija/CC BY-SA 2.0

PRISTINA (Kosovo), May 10 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Tuesday it is considering provision of a sovereign loan of up to 22.5 million euro ($23.7 million) to Kosovo for the construction of a solar thermal plant.

The funding would be on-lent to municipal district heating company Termokos, owned by the city of Pristina, to co-finance the construction of the plant, which will provide additional heat energy capacity to the district heating network of the city, the EBRD said in a project summary document.

The project will be co-financed with a 17.5 million euro loan from German state-owned investment and development bank Kreditanstalt fur Wiederaufbau (KfW), as well as an investment grant of up to 25 million euro from the German government, the EBRD added.

Furthermore, technical cooperation grants are expected to be provided by the Renewable District Heating in Western Balkans programme or the EBRD Shareholder Special Fund, the bank said.

The project's total estimated cost is 65 million euro including technical assistance. The project is part of the EBRD Green Cities Framework 2, a strategic approach targeting environmental issues in selected large cities in EBRD's countries of operation.

($ = 0.9475 euro)

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