Translated version of this PSD: Ukrainian
The EBRD is considering setting up the Ukrainian Residential Energy Efficiency Financing Facility (“UREEFF”, “Framework”). UREEFF will be made available to a number of commercial banks (Participating Financial Institutions or “PFIs”) in Ukraine.
The PFIs will issue sub-loans to private residential stakeholders, including individual homeowners, groups of homeowners, housing associations, condominiums and cooperatives. Eligible sub-projects will consist of investments in high performing energy efficiency technologies and measures, which can be expected to achieve a minimum energy saving of 20% when compared to market norms.
EBRD funds would be complemented by mobilised UAH resources of the PFIs for the total amount of up to €75 million equivalent of sub-loans.
Incentive grant of €15 million provided by the Eastern European Energy Efficiency and Environmental Partnership (E5P) and US$25 million provided by the Clean Technology Fund will support the launch and implementation of the Framework through investment incentives for Sub-borrowers, partial hedge of FX risks and credit loss cover for loans to Housing Associations.
UREEFF is expected to generate transition impact by demonstrating benefits of household energy conservation and promoting the expansion of energy efficiency investments in the otherwise difficult residential sector. It will also support the expansion of the market for sustainable energy equipment and services, resulting in increased competition among the suppliers/installers/vendors.
The Project will help develop and demonstrate effective financing mechanisms for residential energy efficiency projects.
UREEFF will ensure transfer of the necessary skills to PFIs Sub-borrowers and project stakeholders (i.e. local engineers/architects/designers) acquired through sub-project implementation as well as through dedicated trainings.
The Facility will also contribute to strengthening of the regulatory framework related to energy efficiency in housing legislation. It will support the creation of new market players such as bankable housing associations and/or private housing management companies.
Ukrainian commercial banks with extensive outreach, institutional capacity and commitment to successfully mainstream residential energy efficiency financing.
Up to €75 million of EBRD financing in the form of senior loans
Categorised FI (2008): This project offers significant environmental opportunities as it will contribute to the reduction of greenhouse gases. All participating banks are required to comply with the requirements of EBRD’s Performance Requirement 2 (“PR”) on Labour and Working Conditions. All sub-loans under the credit lines will need to comply with the requirements of PR9 for Financial Intermediaries. Sub-borrowers financed under the Facility will be required to comply with national requirements for environment, health and safety and labour (EHSL) standards and eligibility criteria for residential energy efficiency.
The Facility will be supported by a comprehensive technical assistance programme to provide implementation support to PFIs and Sub-borrowers. € 4.5 million funding for the TC programme are secured from SIDA-EBRD Ukraine Energy Efficiency and Environment Consultant Cooperation Fund (SWUK) and E5P (Eastern European Energy Efficiency and Environmental Partnership).
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.