NEFCO is ready to provide loan and grant for modernization of heat supply system of one of the residential districts of Chernivtsi

Nordic environment Finance Corporation (NEFCO) under the guarantee of the city Council is ready to provide 500 thousand euros of loan funds for the implementation of the Demonstration project "DemoUkrainaDH in Chernivtsi", which provides for the modernization of heat supply system in the streets Zalozetsky and Saltykov-Shchedrin. The loan is expected to be paid over seven years in equal semi-annual installments subject to the grace period is 1 year. Interest rate charged on borrowed funds is fixed and is 6 percent per annum. Provision of property or other security of fulfillment of obligations by the borrower is not carried out. For the project provided a grant in the amount of 300 thousand euros. As the Director of KP "Chernivtsiteplokomunenerho" Alexander Melenchuk, these funds will upgrade the boiler on the street Zalozetsky, which has long exhausted its resources. There will install a modern solid fuel boiler will run on wood pellets. Also will a 18 heat points, replaced all the external network. Gas boilers will be retained, allowing a continuous supply of district heat during peak loads or renovations. The upgraded heating system will improve the quality of public services, reduce the cost of production of the coolant and, consequently, will help reduce rates for consumers. The decision on granting guarantees to ensure the fulfillment of debt obligations of the city municipal enterprise "Chernivtsiteplokomunenerho" on the loan, the Nordic environment Finance Corporation (NEFCO), the city Council will take on November 24 at the regular session. This was reported in the Chernivtsi city Council

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Source: http://uzinform.com.ua/

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