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Romanian energy efficiency project bags €22.5m EU loan

Posted at July 27, 2014 » By : » Categories : News » Comments Off on Romanian energy efficiency project bags €22.5m EU loan

Romanian energy efficiency project bags €22.5m EU loan


Copyright: EIB

A project that is expected to help save around 50% of energy used to heat multi-storey buildings in Romania has bagged a loan from the EU bank.

The European Investment Bank (EIB) is providing €22.47 million (£17.8m), the first tranche of an approved loan worth €136.5 million (£108m) for an energy efficiency programme in the Romanian capital of Bucharest.

A total of 406 buildings with almost 19,000 apartments are expected to be refurbished, which are estimated to make energy savings of around 190GWh ever year.

EIB President Werner Hoyer said: “EIB funds will contribute to the implementation of the National Energy Efficiency Action Plan of Romania through the thermal rehabilitation of multi-storey buildings.

“At the same time, the EIB loan will help Romania to meet its commitments under the EU Directive on the energy performance of buildings.”


Article source: http://www.energylivenews.com/2014/07/27/romanian-energy-efficiency-project-bags-e22-5m-eu-loan/?utm_source=rss&utm_medium=rss&utm_campaign=romanian-energy-efficiency-project-bags-e22-5m-eu-loan

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