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Reference: 20240920
Release date: 11 June 2025

Promoter – Financial Intermediary

PJSC JSB UKRGASBANK

Location

Description

The project will finance district heating and energy efficiency investments through Ukrgasbank.

Objectives

The aim is to finance projects carried out by local authorities, to allow the rapid restoration and protection of Ukraine's heat generation capacity, which has been damaged or destroyed, to ensure the supply of critical services for the upcoming winters as well as to improve the country's energy security. The loan will allow the deployment of: a. small-scale gas fired combined heat and power plants, solar 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 70 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

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).

Related tags

Ukraine Energy