Gazprombank will finance the K1 group project on Sakhalin

Communal Heat Generation Infrastructure — Sakhalin LLC (part of the K1 group) and Gazprombank signed loan and security documentation for financing a concession project for the creation and operation of heat supply facilities in the Sakhalin region.

The project includes construction of 34 new gas boiler houses with a capacity of 1.6 to 81 MW in cities and towns of the region. It is being implemented under the regional concession mechanism as part of the gasification program approved by the government of the Sakhalin region and Gazprom PJSC.

It is aimed at switch from coal fuel to natural gas to improve the environmental situation and provide centralized heat supply and hot water supply to both apartment and individual residential buildings, as well as budgetary and other organizations.

The GREEN Engineering & Consulting team provides services for financial and technical audit, monitoring and construction control of the project implementation.