GrCF3 W2 - Chisinau Energy Efficiency of Kindergartens

approved

GrCF3 W2-Chisinau Energy Efficiency of Kindergartens is EBRD's follow-on investment with the City of Chisinau under the approved Green City Action Plan ("GCAP") promoting the strategic objective of sustainable and efficient energy. The Project is presented under the Green Cities Framework 3-Window II ("GrCF3 W2"), addressing the priority environmental challenges of climate mitigation. The proceeds from the loan, along with grant funding, support the City in implementing a comprehensive energy efficiency programme targeting public buildings, specifically kindergartens. The Project involves energy efficiency upgrades and rehabilitation works in up to 30 kindergartens in Chisinau, with a total heated floor area of the buildings of 88,155 m2. The Bank's loan, together with the investment grant and the City's contribution, will finance energy efficiency upgrades and rehabilitation works in up to 18 kindergartens; while the EIB loan is expected to finance similar upgrades and works in up to 12 kindergartens. The energy efficiency measures include, among others, thermal insulation of buildings, upgrading and replacing of heating, ventilation, lighting and water supply systems, replacement of windows and doors, installation of photovoltaic ("PV") systems, solar thermal systems, and other structural and comfort improvements as needed. These interventions are expected to deliver average energy savings of approximately 55 per cent in the renovated buildings, resulting in a significant reduction of Greenhouse Gas ("GHG") emissions, extended building lifespan, and additional benefits such as lower maintenance costs and enhanced property value.