ENERGY ALLIANCE

Location:

Ukraine

Project number:

32108

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

C

Target board date:

09 Dec 2003

Status:

Completed

PSD disclosed:

10 Oct 2003

Project Description

The proposed project is to establish a new private sector energy service company (ESCO) in Ukraine, known as Energy Alliance. Energy alliance will be majority owned by the Western NIS Enterprise Fund, along with the Gostomel Glass group and Turbo-Spektr, a local engineering consultancy.
Energy Alliance will finance and develop co-generation projects for industrial clients in Ukraine. The Bank's loan will be used by Energy Alliance to finance the purchase of the co-generation equipment.

Transition Impact

Transition impact will derive from enabling 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. This will also have an important demonstration effect which should encourage other ESCOs to establish operations in Ukraine.

The Client

Energy Alliance

EBRD Finance

US$ 10 million loan under 'A/B' structure. 'B' loan of US$ 5 million to be syndicated to a commercial bank.

Project Cost

US$ 13.34 million

Environmental Impact

Energy Alliance 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.

Technical Cooperation

None.

Company Contact

CEO: Maxim Burtovy
Tel: 380-44-490-55-80
Tel: 380-50-355-42-20 (mob)
e-mail: mburtovy@wnisefk.com
 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Text of the PIP

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