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Summary sheet

Release date
2 January 2025
Status
Reference
Approved | 22/01/2025
20240760
Project name
Promoter - financial intermediary
UKRAINE DISTRICT HEATING UKREXIMBANK
THE STATE EXPORT-IMPORT BANK OF UKRAINE JSC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Financing district heating and energy efficiency investments through eligible financial intermediaries in Ukraine and in particular through Ukreximbank.

The Ukraine District Hearting Ukreximbank aims at financing projects carried out by local authorities, to allow fast restoration and protection of the heat generation capacity destroyed or out of order for ensuring the supply of critical services for next winters and improving the energy security of Ukraine. The loan will allow the deployment of: a. small-scale gas-fired combined heat and power plants, solar photovoltaics (PV), complemented by batteries and other storage technologies which are crucial to increase the resilience of Ukraine energy supply; b. decentralised heat generation; c. components that will bolster the physical and cyber security of the infrastructure; d. heat pumps, heat storage systems and related networks as well as renewable heat generation; e. energy efficiency in public buildings, which would also be eligible under the facility. The eligibility for financing aligns with the Ukraine Energy Rescue Plan, an emergency measure designed to address Ukraine's critical energy needs and support the resilience and recovery of its energy infrastructure.

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
Approved
22 January 2025
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 UKREXIMBANK
Publication Date
29 Jan 2025
Document language
Main Topic
Lending
Document Number
237739267
Document Focus
Environmental Information
Project Number
20240760
Sector(s)
Countries
Publicly available
Download now
Other links

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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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