Release date: 6 November 2024
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The operation will finance municipal district heating and energy efficiency projects carried out by local authorities in Ukraine.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal - 23/10/2024
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).