EBRD, GEF to support bioenergy development in Ukraine

The European Bank for Reconstruction and Development (EBRD) and the Global Environment Facility (GEF), a US-based international financial organisation, have announced that they will provide 55.8 million US dollars to finance a programme aimed at supporting bioenergy development in Ukraine, Interfax Ukraine has reported.

Speaking at bioenergy conference on November 21, Lesya Kuzmenko, the deputy head of the EBRD’s Ukraine office, said that the support would be provided to enhance technologies and systems for the collection, storage and processing of biomass produced in the agriculture.

Tetiana Markuta, the EBRD’s lead engineer in Ukraine said that the 55.8 million USD programme would be four years with a planned launch from the fourth quarter of this year.

As part of the package, the Global Environment Facility will provide grant support.

Most of the funds, around 50 million US dollars, will be issued for lending to bioenergy projects in Ukraine’s private sector while another 3.5 million US dollars will be allocated for incentive grants. The remaining 2.3 million US dollars will be used for information support and educational projects in bioenergy.

“We will look at options for possible stimulation of the development of bioenergy within the framework of the program and choose two or three areas that will be most beneficial for Ukraine,” Mrs Markuta added, noting that the support is designed for agricultural and logistics companies working with waste and or specialising in the production and processing of biomass.