Project description
and objectives:
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The proposed project will provide a second EBRD loan to UkrEsco, a state owned energy service company established with EBRD support in 1998. The loan will enable UkrEsco to continue its energy saving activities in Ukraine. This involves implementing energy saving projects with industrial clients throughout Ukraine. The bank's funding will be used by UkrEsco to finance energy saving investments within clients' premises which are repaid on the basis of future energy savings.
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Transition
impact:
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Transition impact will derive from both the expansion of UkrEsco's business and in supporting UkrEsco to achieve performance targets which will facilitate privatisation. The expansion of business will enable more private sector industrial companies to save energy on a sustainable basis using off-balance sheet financing and with state of the art technologies they do not themselves have the resources to implement. By supporting UkrEsco to meet prescribed commercial performance targets the Bank will be facilitating a successful privatisation as soon as possible.
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The client:
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The beneficiary is UkrEsco, a state owned joint stock company.
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EBRD
finance:
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US$ 20 million sovereign loan, to be on-lent to UkrEsco.
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Total project cost:
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US$ 20 million
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Environmental impact:
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UkrEsco will be required to ensure clients comply with EBRD environmental procedures and that its investments are in compliance with applicable Ukrainian environmental, health and safety legislation and submit an Annual Environmental Report to the EBRD.
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Technical
cooperation:
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None for this project. The previous loan was supported by EU-Tacis.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Anna Tokarz, Operation Leader: tokarza@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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General
enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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