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Summary sheet

Release date
6 November 2024
Status
Reference
Approved | 11/12/2024
20240526
Project name
Promoter - financial intermediary
UKRAINE DISTRICT HEATING
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
not applicable
Location
Sector(s)
Description
Objectives

The operation will finance municipal district heating and energy efficiency projects carried out by local authorities in Ukraine.

The aim is to urgently help Ukraine face the energy crisis after the attacks inflicted by Russia to over 800 district heating plants since early 2024. The loss of cogeneration capacities in several large cities, led to strong concern about the municipalities' ability to ensure vital heating during the two coming winters. The most affected areas are Kyiv, Kharkiv, Odesa and their suburbs, inhabited by approximately 6.5 million people. In this context, the project scope is to restore the electricity and heat generation capacity destroyed or out of order to ensure minimum critical services for the next winters.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
11 December 2024
Related projects
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - UKRAINE DISTRICT HEATING
Publication Date
17 Dec 2024
Document language
Main Topic
Lending
Document Number
234144778
Document Focus
Environmental Information
Project Number
20240526
Sector(s)
Countries
Publicly available
Download now
Other links

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Alternatively, the EIB can be contacted through its external offices.
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Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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