European Bank for Reconstruction and Development supports development of grain storage infrastructure in Ukraine
Thursday, 12 December 2019 14:45European Bank for Reconstruction and Development supports development of grain storage infrastructure in Ukraine o.polyuga Thu, 12/12/2019 - 15:45
The European Bank for Reconstruction and Development (EBRD) has allocated a loan of €10 million to Ukraine for the development of new energy efficient grain storage facilities. This will help Ukraine to secure the leading international position in grain exports, by regulating growing export rates and building modern, energy efficient grain storage facilities at the same time. The loan will be provided to Ukraine’s Grain Alliance Group for the expansion of the group’s storage facilities in northern Ukraine and the purchase of agricultural machinery.
The loan will be supported by the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme, supported by the European Union. The grant total will be up to USD 374,000 (€336,000) and will cover the installation of two biomass-fired heat generators with a total capacity of 24 MW, producing 43,200 MWh of renewable energy per year and helping reducing annual CO2 emissions by 7,200 tonnes.
The project will get additional funding in the form of a €1.5 million loan from the International Cooperation and Development Fund (TaiwanICDF).
Find out more