Citizens of Balti, Moldova’s second-largest city, will benefit from more energy-efficient district heating thanks to a series of investments from the heating utility CET Nord, financed by the EBRD and the Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund of which the EU is the largest donor.
As a result, consumers now have more control of their heat consumption and only pay for the heat they use. The new technology will also reduce operating and maintenance costs, improving energy efficiency and cutting CO2 emissions.
The project is a collaboration between the EBRD, which has provided a €7 million loan and a €740,000 grant, and the E5P multi-donor fund which has contributed a €3 million grant.
Marco Gemmer, Head of Operations at the EU Delegation to the Republic of Moldova, said: “Launched by the Swedish Presidency of the EU in 2009, the E5P is bringing tangible benefits to the citizens of Moldova. The EU and several of its member states are the largest contributors of the initiative. This is one of the many ways the EU is helping to improve the quality of life in the country.”
The E5P facilitates investments in energy efficiency and environmental projects. Active in Moldova and other Eastern Partnership countries, the E5P is funded by the European Union (the largest donor); the Czech Republic; Denmark; Estonia; Germany; Lithuania; Norway; Moldova; Poland; Romania; the Slovak Republic and Sweden.
