EU/ERBD News
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€5.8 million equivalent loan to improve water services in Aktau
The EBRD is supporting the rehabilitation of the water and wastewater system in the city of Aktau, in the Mangystau region of Kazakhstan, with a loan in Kazakhstan Tenge (KZT) equivalent to €5.8 million (KZT 1.2 billion) to Aktau TVS&V, the municipal water and district heating...
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€150 million syndicated loan to upgrade Latvenergo’s Riga CHP-2 power plant
The EBRD is stepping up its support for the creation of a modern power system in the Baltic region with a €150 million loan for the construction of a state-of–the-art gas turbine facility in Latvia following the closure of the Ignalina Nuclear Power Plant.
The...
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€90 million additional financing for Slovakia Sustainable Energy Finance Facility
The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small...
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€23.6 million equivalent loan in local currency for Krakow infrastructure upgrade
The EBRD is supporting the modernisation of the infrastructure in Krakow, the second largest city in Poland, with a PLN 99 million (€23.6 million) loan to Miejskie Prezdsiebiorstwo Komunikacyjne (MPK - Krakow Public Transport Company).
Part of the Krakow Municipal...
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2009 financing increases by over 50 percent
The EBRD responded vigorously to the global economic crisis in 2009, investing a record €7.9 billion and preparing to support eastern Europe through the recovery period with further increases in financing likely in the coming years.
Last year’s investments rose 55 percent, with the largest share of...
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71 million loan to build a new power plant in Lithuania
The EBRD is helping to improve the security of energy supply in Lithuania and in the Baltics with a €71 million loan to AB Lietuvos Elektrine for the construction of a new combined cycle gas turbine (CCGT) plant.
The project will help Lithuania to make up for lost power generation capacity following...
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Alongside wind, solar and hydro, biomass is expected to play a large role in delivering the EU’s ambitious target of generating 20% of the energy it uses from renewable sources by 2020, European experts believe. When thinking of Europe’s energy sector in 2020, most people picture wind turbines. And while it is true that onshore, and increasingly...
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Source: WWF International
Jan. 21, 2010
Russia has opted to reopen a notoriously polluting paper mill on Lake Baikal, reversing long-time protections to the UNESCO World Heritage Site.
Russian Prime Minister Vladimir Putin last week issued a new decree on the inclusion of “corrections”...
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Source: European Bank for Reconstruction and Development
Jan. 19, 2010
€60 million syndicated loan to build Suvorovo wind farm
The EBRD is supporting the development of renewable energy in Bulgaria with a €60 million syndicated loan to Eolica Bulgaria to finance the development...
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The EBRD Board of Directors has approved an equity investment of up to EUR 125 million via capital increase in Iberdrola Renewables Polska Sp. z.o.o. (IBR Polska) and Iberdrola Renovables Magyarország Kft (IBR Magyar), wind farm developing companies operating in Poland and Hungary respectively.
The EBRD equity investment will help IBR Polska and IBR...
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