8.7 C
April 19, 2021

EUR 10 M EBRD loan to EnergoBit ESCO

The European Bank for Reconstruction and Development (EBRD) is supporting energy efficiency improvements in the public sector in Romania with an investment to expand  energy saving initiatives across Romanian municipalities, a press release informs. The EUR 10 M corporate loan to EnergoBit ESCO, a subsidiary of EnergoBit Group SA, will be used to finance energy efficiency projects mainly in the Romanian municipal sector. The projects will range from conducting energy saving studies and engineering assessments to installing energy efficient public lighting, introducing combined heat and power generation as well as implementing small scale co-generation projects for industrial clients. Cluj-based EnergoBit Group is one of the largest electrical engineering companies in Romania, which operates 17 companies with over 800 employees across the country.

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