Business news from Ukraine

Business news from Ukraine

EBRD TO ARRANGE EUR23.1 MLN FUNDING FOR BUSINESSMAN KOZYTSKY’S COMPANY TO BUILD WIND PLANT

4 November , 2016  

KYIV. Nov 4 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will organize financing for Carpathian Wind LLC (Karpatsky Viter, the founder is businessman Zynoviy Kozytsky) for a total of EUR23.1 million for building a wind power plant with a capacity of 20.7 MW in Lviv region, the bank’s press service has said.

“The package of funding in the amount of EUR23.1 million, organized by the bank, includes EUR8.6 million from the EBRD, EUR4 million from the Clean Technology Fund (CTF), the first phase of the loan in the amount of EUR5.5 million from the Investment Fund for Developing Countries (IFU), as well as the first phase of the loan in the amount of EUR5 million from the Nordic Environment Finance Corporation (NEFCO),” the report reads.

The planned capacity of the new wind plant is 20.7 MW, it will be equipped with six turbines.

As reported, the EBRD previously financed the construction of wind plants by Kozytsky’s companies.