News
12 December 2019
EBRD helps finance grain storage infrastructure in Ukraine
In:
Agriculture/food chain
Region:
Europe
The European Bank for Reconstruction and Development has agreed a €10 million loan to Ukraine’s Grain Alliance Group to finance the expansion of the group’s storage facilities and the purchase of agricultural machinery.
The project is co-financed by a €1.5 million loan from TaiwanICDF.
The loan will be supported by the EBRD’s Finance and Technology Transfer Centre for Climate Change programme with a grant of up to $374,000, covering the installation of two biomass-fired heat generators with a total capacity of 24MW. They will produce 43,200 MWh of renewable energy per year and help reduce annual CO2 emissions by 7,200 tonnes.
