Connect with us

EU

#InvestmentPlan supports energy-saving upgrade of heating distribution networks in two Polish cities

SHARE:

Published

6 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

epa02773679 An exterior view of the European Investment Bank (EIB) Headquarters in Luxembourg, where Tajikistan's President Emomali Rahmon and Philippe Maystadt, the President of the European Investment Bank, withe their delegations met for talks, on 10 June 2011. EPA/NICOLAS BOUVY

The European Investment Bank (EIB) has signed two financing agreements with the heating distribution operators in the Polish cities of Bydgoszcz and Lublin to finance their modernization programmes. This project will result in energy savings thanks to reducing energy loss, as well as better air quality for local residents.

Two EIB loans of PLN 100 million (€23.2m) each will help retrofit existing pipes and substations and connect new homes. The projects are part of the Programme Loan Heating Sector in Poland, which benefits from the guarantee of the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe.

Economy Commissioner Paolo Gentiloni said: “To make the European Green Deal Investment Plan a success, we need to invest hugely in boosting energy-efficiency. The financing provided today by the EU's climate bank is excellent news for the citizens of Bydgoszcz and Lublin - and another success story for transition towards climate-neutrality.” The press release is available here. As of December 2019, the Investment Plan had mobilized €458.8 billion of investment across the EU, including €21bn in Poland, and supported more than one million start-ups and small and medium businesses.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending