UKRAINE DISTRICT HEATING UKREXIMBANK

Promoter – Financial Intermediary

THE STATE EXPORT-IMPORT BANK OF UKRAINE JSC

Location

• Ukraine

Description

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

Objectives

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.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 100 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