EBRD Lending 10 Mln Euro for Thermal Project in Croatia's Rijeka

The European Bank for Reconstruction and Development (EBRD) said on Monday it is financing with 10 million euro ($13.9 million) an investment in district heating services in the Croatian port city of Rijeka.

The lender will provide the loan to service provider Energo Rijeka for the rehabilitation of the existing district heating network and the implementation of an investment for a new combined heat and power plant, the EBRD said in a statement.

The Austrian government has confirmed funding to support the project and further technical assistance will be provided by the EBRD’s shareholder special fund.

Energo Rijeka is the exclusive provider of district heating services in the Rijeka area under a 30-year concession agreement signed in 2006.

As of end-February, the EBRD has signed 156 projects in Croatia for a total amount of 2.9 billion euro.

Source: SeeNews