You're reading: EBRD intends to finance some Ukrainian energy efficiency projects

The European Bank for Reconstruction and Development (EBRD) plans by late 2012 to decide on the provision of loans to realize three Ukrainian projects on energy efficiency, and in early 2013 to decide on another four projects, EBRD Principal Manager for Energy Efficiency and Climate Change Sergiy Maslichenko has said. 

“We’re drawing up three projects which will be signed in the near term: one project on biogas and a project on hydroelectric power plants, which we hope to approve by late October or early November and talks at the final stage on the building of solar power plants. Maybe, we’ll manage to sign it by late 2012, or at the worst we’ll sign it early next year,” he said at the International Renewable Energy & Energy Efficiency Forum REF-2012 held in Kyiv on October 16-17, 2012.

Maslichenko said that projects on the construction of a bio-gas power plant with a capacity of 2.8 MW (Eco-Prod Company, Donetsk region), two small hydroelectric power plants with a capacity of 1.5 MW (Ivano-Frankivsk region), as well as two solar power plants with capacities of 7.5 MW each, will be financed.

He said that in early 2013, the EBRD plans to approve the provision of funds to realize three projects on the building of solar power plants and a project on the building of a biomass power plant.

He said that the energy efficiency projects sent to the EBRD for consideration are mainly projects from Ukrainian companies.

As reported, in 2012 the bank decided to provide EUR 13.3 million to Eco-Optima to build a wind power plant with the capacity of 12.5 MW in Stary Sambir district (Lviv region). and EUR 5.7 million to Rengy Development to build a solar power plant in Vinnytsia region.