Residential buildings in Bucharest to be energy efficient

Energy efficient improvements are taking place at some residential buildings in Bucharest. The European Investment Bank is helping refurbish houses in the Sector 4 municipality of the city by providing €19.5 […]

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By Jacqueline Echevarria

Energy efficient improvements are taking place at some residential buildings in Bucharest.

The European Investment Bank is helping refurbish houses in the Sector 4 municipality of the city by providing €19.5 million (£15.21m).

The loan is the second phase of a €42 million (£32.7m) programme approved in 2014, which is expected to result in around 50% savings in heating energy consumption.

The project covers 140 buildings comprising 9,500 apartments, it expects to save 74GWh of power per year and will cost around €56 million (£43.6m).