A €140 million loan from the European Bank for Reconstruction and Development (EBRD) to Kyivteploenergo will allow them to upgrade vital infrastructure and ensure a more reliable provision of district heating and hot water supply. The EBRD funding is to be co-financed by a joint contribution from Kyiv municipality and Kyivteploenergo of at least €26 million to finance the district heating network replacement. This new equipment will be fully compliant with the EU Industrial Emissions Directive