Moldova receives over €244 million in EIB Global financing for energy and hospital upgrades
Moldova Republic of, July 8 -- The European Investment Bank's development arm (EIB Global) is lending Moldova a total of more than €244 million for planned energy and healthcare upgrades in the country. EIB Global is providing a €143.5 million loan to bolster district heating in the capital Chisinau and a €101 million loan to build a hospital in the southern city of Cahul.Termoelectrica SA, Moldova's largest heating company, will carry out the district heating project, which includes replacing outdated vertical systems in apartment buildings with horizontal pipelines, installing individual substations and improving building distribution networks. The moves are projected to cut energy consumption by 25%, lower heating bills...
To read the full article or to get the complete feed from this publication, please
Contact Us.