Sunday, June 3, 2007

EBRD presents 100 million euro program of energy efficiency in Ukraine

The European Bank for Reconstruction and Development presented a Ukrainian Energy Efficiency Programme (UKEEP). The program is financed by the Swedish Government and costs 100 million EUR. The program is aimed at granting sub-credits to the tune of up to five million USD to Ukrainian companies for introduction of energy efficient technologies.

The main Ukrainian bank, program participant is UkrExImBank (50 million EUR), another bank participant is KreditPromBank (10 million EUR). According to EBRD Ukraine Director Kamen Zahariev, 1 or 3 more Ukrainian commercial banks may also be involved.