KIEV, Aug. 13 – The European Bank for Reconstruction and Development is mulling a EUR 10 million loan to the district heating utility municipally owned enterprise Chernivtsiteplokomunenergo, operating in the city of Chernivtsi, the EBRD said in a statement.

The funds will be used to finance the installation of individual heating sub-stations, biofuel boilers, network replacement with pre-insulated pipes, modernization of boilers and control systems, and the installation of monitoring and dispatching system in the city, the EBRD said.