Kozloduy Int'l Fund Grants EUR 21.5 M to Sofia Heating Utility

Business » ENERGY | June 16, 2013, Sunday // 16:29
Bulgaria: Kozloduy Int'l Fund Grants EUR 21.5 M to Sofia Heating Utility Sofia Deputy Mayor Irina Savina, photo by BGNES

Sofia heating utility Toplofikatsiya-Sofia has won a grant of EUR 21.5 M under the Kozloduy International Decommissioning Support Fund (KIDSF) to be used for the implementation of six investment projects.

Sofia Deputy Mayor Irina Savina, as cited by the BGNES news agency, explained that the Assembly of Donors of the KIDSF had approved the grant at the proposal of the Sofia Municipality after getting acquainted with the projects and paperwork presented by the experts of the Sofia-based heating utility.

She noted that the projects had been drafted over the past two years at the insistence of Sofia Mayor Yordanka Fandakova, adding that the aim was to attract grant funding for the rehabilitation and modernization of the heating utility and to achieve high-efficiency energy generation without creating a financial burden for the customers.

Savina made clear that the projects were to be implemented during the period 2013-2017.

She specified that the experts of the Sofia heating utility had already drafted a total of 21 investment projects aimed at boosting its technical capacity and ensuring a financial stabilization of the company.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: Kozloduy International Fund, decommissioning, Sofia heating utility, Toplofikatsiya Sofia, Sofia Mayor, Yordanka Fandakova, grant
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria