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* * EBRD leading renewable energy revolution >> New 4 Energia plant in Latvia >> New projects agreed by WGBC and EBRD >> Poland hosts EBRD meeting >> Armenia to benefit from EBRD loan >> EBRD provides loan to Kobuleti >> New sewage systems brought to parts of Slovenia >> Businesswomen receive welcome boost in Croatia >> Big boost for Lithuanian e-communications market >> Regional Energy Market should be established in Baltic Region >> Czech government announces new efficiency programme >> Renewable energy hits Croatia >> EBRD investment ensures green future >> €11 million loan to provide clean water to Bosnia and Herzegovina >> Romania set for daily fines of €38,000 >> CIMC opens production plant in Poland >> Slovenia aim to reduce building’s energy usage by 30% by 2030 >> Mapei announces HUF 1bn (€3.2m) investment in Hungary >> Mátrai Erőmű opens HUF 6.5 bln. solar power plant >> Elektroprivreda Srbije (EPS) receives €200 million loan from EBRD >> Mátrai Erőmű opens HUF 6.5 bln. solar 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future as major hub >>> Biggest ever EIB loan in Slovenia: EUR 500 million for co-financing with EU Funds >>> EBRD adopts new Russia strategy for 2013-2015 >>> EBRD lends to Ukraine’s Coal Energy >>> EBRD boosts support for Belarus banking partner >>> EBRD channels safer drinking water to more of Tajikistan >>> Head of the EU Delegation: Serbia and EU to commence accession talks soon >>> New Joint IFI Action Plan for Growth in Central and South Eastern Europe >>> Poland to get new 53 MW wind farm in Kukinia: EBRD finances a new wind farm and supports the existing one in Tychowo EIB reinforces its support for upgrading Poland’s energy distribution network >>> EIB supports SMEs in Romania with EUR 45 million >>> Hungary: EIB continues to support smaller private companies with EUR 100 million >>> Leasings up in CEE >>> Romania has 750MW of wind farms in testing stage >>> Serbia's Energy Minister announced new incentive tariffs for the production of electricity from renewable energy sources Major new gas plant in Lithuania to replace lost nuclear power >>> EBRD funds Continental’s Russian tyre plant >>> The EU agreement on climate Polish law AAU emission units defended >>> STRABAG to build Europe’s most modern waste treatment plant in Ljubljana >>> EU greenhouse gases in 2011: more countries on track to meet Kyoto targets, emissions fall 2.5 % >>> Protected areas have increased to cover one fifth of Europe’s land >>> EBRD: world’s major waste - flaring gas - could be turned into profit >>> Valcea, Romania, to upgrade water and wastewater services with EBRD loan >>> EBRD directors visit Poland >>> EBRD to finance its first solar power project >>> EBRD unleashes energy efficiency potential of Ukraine’s district heating sector >>> New EBRD financing facility for residential energy efficiency projects in Moldova >>> Giving old tyres a new life >>> Serbia - RWE and EPS (Serbia) sign collaboration agreements >>> Two new hydropower plants in Albania >>> Poland - RAG (Austria) signs deal with GazSystem for gas storage in Poland >>> Poland - Enea signs EPC contract for 1,075 MW supercritical plant (Poland) >>> Ukraine - Ukraine starts construction of 750 kV transmission line >>> Ukraine - Ukraine receives €200m loan for 22 hydropower projects (980 MW) >>> Bosnia - RWE will develop 210 MW of run-of-river capacity in Bosnia >>> ... Slovakia spends 33 mln eur on car-scrapping subsidy ... EBRD helps boost green energy use in Poland >>> ... EBRD reiterates Poland's 2011 GDP growth forecast at 3.8% >>> Geomorphological Secrets Yana River Basin Revealed >>> Imtech: strong further growth in Poland, broad palette of new orders >>> WÄRTSILÄ INTERIM REPORT JANUARY-JUNE 2011 >>> Outotec >>> Hungary 'should focus on CO2 cuts outside ETS' >>> We cannot afford to waste energy and raw materials – the informal meeting of the EU Competitiveness Council with Minister Andrzej Kraszewski. >>> Smart meter producers report huge increase for shipments in CEE region

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New EBRD investment in Romania’s water infrastructure

2012-01-10 00:00:00

€17.1 million to improve water supply in Sibiu county

The EBRD is continuing to support the modernisation of Romania’s water services with a loan to improve the quality of water supply and sanitation services to about 280,000 people in the central Romanian county of Sibiu.

The EBRD is providing a €17.1 million loan to S.C. Apa-Canal Sibiu, water utility company servicing residents in 34 administrative units in the southern, central and north-western part of Sibiu county as well as those in Fagaras town located in the neighbouring Brasov county.

The funds will be used to part-finance the construction, extension and rehabilitation of water supply and wastewater treatment systems. The project is part of the EU Cohesion Funds programme for Sibiu, worth a total of €124 million.

The investment programme will enable S.C. Apa-Canal Sibiu to reduce significantly water leakages, optimise operating costs and bring its wastewater collection and treatment system in line with EU regulations and standards.

“The EBRD is pleased to continue to support Romania in upgrading water infrastructure of the country’s municipalities. Over the last year the Bank provided €105.6 million to finance similar investments in Constanta, Iasi, Brasov, Buzau and Dambovita-Targoviste counties, helping to improve the quality of water supply and waste water services across the country and align the services to the EU standards,” said Jean-Patrick Marquet, EBRD Director for Municipal and Environmental Infrastructure.

“This project is a continuation of the cooperation between our company, the city of Sibiu and the EBRD that started in 2005, and is a reflection of the progress in financial and operational performance achieved by Apa-Canal Sibiu. The EBRD’s investment will provide the needed co-financing, which will enable our company to implement a substantial program financed by the EU Cohesion Funds", said Mircea Niculescu, Director General of Apa-Canal Sibiu SA.

The EBRD loan is part of the €200 million Regional EU Cohesion Fund Co-financing Framework (R2CF) launched in 2010 to support investments in Romania’s water and wastewater infrastructure and help municipalities absorb the financing available from EU Cohesion Funds. So far, the Bank’s investments under R2CF enabled Romanian cities to attract almost €650 million from EU Cohesion Funds. It is estimated that the framework will mobilise additional investments of approximately €1.5 billion in Romania’s water and wastewater infrastructure.

Since the beginning of its operations in Romania, the EBRD has committed over €5.4 billion to various sectors of the country’s economy.

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