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EBRD to invest EUR 7 mln in construction of biogas plant in Ukraine

KIEV, July 09, /ITAR-TASS/. The European Bank for Reconstruction and Development (EBRD) will invest more than 7 million euros in the construction of a biogas plant in Ukraine with a capacity of 2.25 MW, the Kiev regional centre for investments and development said on Wednesday, July 9.

The plant will be built on the basis of the Rokitnoye Sugar Refinery in the Kiev Region. After the first phase of the plant has become operational it will be able to supply electricity to almost 800 private households. The first electricity will be generated in the near future from beat-root bagasse and silage.

The Global Environment Fund will finance a strategic evaluation of the project to be implemented as part of the EBRD’s Ukraine Sustainable Energy Lending Facility (USELF) worth 140 million euros (100 million euros from the EBRD and 40 million euros from the Clean Technology Fund). The main purpose of the programme is to finance local private enterprises that implement small renewable energy projects in Ukraine.

The EBRD is one of the main investors in Ukraine. As of May 1, 2014, the Bank had assumed obligations worth 8.4 billion euros under 327 projects.

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Ukraine crisis Oil & Gas

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