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EBRD mulls 5 mln euro loan for energy efficiency projects in Kosovo

EBRD mulls 5 mln euro loan for energy efficiency projects in Kosovo Marina Mikhaylova/All rights reserved.

PRISTINA (Kosovo), November 11 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Monday it is considering a senior loan of up to 5 million euro ($5.5 million) to co-finance energy efficiency measures in public buildings in Kosovo’s capital Pristina.

The project will be co-financed with an investment grant from the Regional Energy Efficiency Programme for the Western Balkans (REEP) funded by the European Union, the EBRD said in a press release.

The project's total cost is 7.8 million euro, including technical assistance.

The objectives of the project are the improvement of the environmental sustainability of municipally owned buildings in Pristina by implementing energy efficiency measures that will lead to energy savings and reduction in CO2 emissions, as well as the promotion of private sector involvement in design and implementation of energy saving projects.

The project has passed concept review and has a target board date of November 19 for final review.

($ = 0.90715 euro)

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