EBRD finances Dnipro public buildings energy efficiency project
The energy efficiency of public buildings in the central Ukrainian city of Dnipro will be improved thanks to a €25 million loan by the European Bank for Reconstruction and Development.
The loan to the municipal energy management company Dniprovska Municipalna Energoservisna Kompanya is expected to be complemented by an investment grant of up to €5.5 million from the Eastern Europe Energy Efficiency and Environment Partnership fund.
Dnipro is planning to refurbish about 100 buildings, including kindergartens, schools and outpatient clinics. The work will be conducted by private contractors selected through a competitive process in line with the EBRD’s procurement policies and rules. Their contracts will be structured similarly to Energy Performance Contracts, a commercial arrangement where a contractor undertakes energy saving upgrades and provides a performance guarantee.
