The European Bank for Reconstruction and Development (EBRD) announced that it is considering arranging an A/B loan of 126 million euros to Croatian state-owned power utility HEP. The EBRD’s portion of the proposed syndicated loan will be up to 65 million euros.
The loan will be used to finance the construction of a new gas-fired combined heat and power (CHP) unit on the site of the existing combined-cycle power plant in Zagreb. The new unit will be in line with the requirements promoted by the EU Industrial Emissions Directive and the EBRD’s energy strategy. The new unit will partially replace old and inefficient units of the existing plant, which also have poor environmental performance and are not in line with the abovementioned directive.
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Tags: CHPP, construction, Croatia, EBRD, electricity, heat, loan, Zagreb