The state-owned Ukrgasbank (Kyiv) has granted Zaporizhia a loan of UAH 300 million for the creation of distributed energy generation facilities and other energy-saving measures, according to a statement posted on its website on Monday.
The bank told the Interfax-Ukraine news agency that the loan is for a period of seven years.
According to a statement on the bank’s website, the funds will be used to build distributed energy generation facilities in the city and implement energy-saving measures at key critical infrastructure facilities.
It is also noted that the loan, which will be received by municipal enterprises and institutions of the city, will enable them to ensure their own electricity production for technological and domestic needs, to function stably during power outages, to power critical infrastructure facilities and social institutions, and to use the heat energy produced for the needs of residents within the created energy islands.
According to Boris Rozsokha, deputy director of the economic development department of the Zaporizhzhia City Council and head of the energy management and investment department, whose words are quoted in the report, the use of cogeneration plants will ensure more efficient use of fuel, reduce carbon and other harmful emissions into the atmosphere, and will also minimize losses inherent in traditional electricity generation.
As reported, state-owned Ukreximbank, Oschabank, and Ukrgasbank (all based in Kyiv) issued loans ranging from two to five years for approximately UAH 2.04 billion in the equivalent of five city councils at floating rates, including UAH 200 million to the Zaporizhzhia City Council.
