Czech Republic lobbies EIB to assist in district heat modernisation

The European Investment Bank (EIB) has been approached to fund the modernisation of district heating systems in the western part of the Czech Republic over the next four years. 

The four sponsors of the development are seeking €75m ($93.87m) of the €154m total cost, the EIB said. 

The Luxembourg-based EU bank said the modernisation programme would include: “Continuous network expansion related to the connection of new residential, commercial or industrial customers; technology upgrades to improve security of supply and network quality (e.g. installation of back-up facilities), improving efficiency and generating savings in operation and maintenance, and replacement/renovation of the pipelines as and when required in order to upgrade the system to the latest technical standards.” 

The EIB supplied €749m in loans to Czech projects in 2013, with local operator CEZ signing a €200m loan in the summer to fund development of the distribution grid in the Czech Republic. 



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...