KYIV. May 18 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) is considering a senior secured long-term loan of up to $20 million to finance the modernization, energy efficiency and environmental improvements of Astarta’s existing sugar processing plants.
The EBRD Board of Directors will decide on the disbursement on June 22, 2016, the EBRD has reported in an announcement on Tuesday.
“The transition impact of the project will be derived from demonstration of new replicable behavior and standards market expansion through BAT (Best Available Technique) implementation and obtaining ISO 50001 certificate, and transfer and dissemination of skills and innovation through new technologies.
Astarta Group is one of the largest vertically integrated agricultural companies in Ukraine, operating nine sugar plants, around 250,000 hectares of leased arable land, as well as dairy farms and engaged in soybean processing.
