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ZAGREB (Croatia), November 28 (SeeNews) - The European Commission said on Thursday it has approved Croatia's plans to provide 57 million euro ($63 million) to support the modernisation of an energy efficient district heating system in Zagreb.
"The €57 million investment aid will support the modernisation of the hot water network through the replacement of deteriorated pipelines by the beneficiary of the aid, HEP District Heating," the Commission said in a statement, adding it has evaluated the planned measure as necessary and proportionate.
The project will also be partially financed by EU structural funds. The investment will help reduce heat loss, water refill losses and network maintenance costs, thus leading to significant energy savings.
"Furthermore, it will contribute to the implementation of the green European strategy by increasing the energy efficiency and decreasing the emission of harmful and greenhouse gases. In this respect, over its lifetime, the measure is expected to reduce total CO2 emissions by around 280,000 tons," the Commission said.