A KyivTeploEnergo engineer works on a pipe in Kyiv.
The European Bank of Reconstruction and Development (EBRD) approved on July 21 a 140 million euro loan to KyivTeploEnergo, the company that heats the water in Kyiv and that belongs to the Kyiv city administration, to finance critical repairs of the city’s heating infrastructure.
The loan will be split into two equal tranches of Eur. 70 million ($83 milion), which will be primarily used to “provide sustainable and efficient operation” of KyivTeploEnergo’s two gas-fired power stations and 183 boiler-houses.
