EBRD provided a senior loan of €25 million of the company Myronivsky Hliboproduct (MHP) Yuriy Kosyuk.
As noted in the press release of the EBRD loan will be used for the construction and commissioning of a biogas plant with a capacity of 10 MW in Ladyzhin (Vinnytsia region). This biogas plant will use chicken manure and other agricultural waste from MHP’s production of chicken and grain.
“The financing of this project, the EBRD helps the company MHP in implementing its long-term strategy for capacity development of “green” energy, achieving energy sustainability, reducing impacts on the environment and improve the efficiency of waste management. This will be the second biogas plant in the “MHP” and the largest biogas facility in Ukraine today,” – said in the message.
Project also received a grant in the amount of $358 thousand in the framework of EBRD “Central financing and technology transfer in the field of climate change adaptation and mitigation” (FINTEK). This grant will contribute to improving the technology of biogas production and introduction of energy management system.
It is expected that the commissioning of this biogas plant will allow MHP to reduce greenhouse gas emissions by 90 thousand tonnes of CO2 equivalent per year.
Technical cooperation for this project provided by the Investment Fund of the neighbourhood (NIF), the EU and the joint technical cooperation Fund, the EBRD and Japan.
The goal of the program FINTEK EBRD – technology transfer in the field of climate change mitigation and adaptation. This program was launched in Ukraine in February 2016 and will last for 3 years. Its implementation is supported by the GEF grant financing in the amount of $7 million and the NIF of the EU in the amount of €4 million.
The EBRD is the largest international financial investor in Ukraine. Since its inception in the country in 1993, the Bank assumed obligations for the provision of almost €11.6 billion in the framework of the 383 projects.