Business news from Ukraine

Business news from Ukraine

EBRD TO CONSIDER PROVISION OF EUR 11.6 MLN TO BUSINESSMAN KOZYTSKY’S COMPANY TO BUILD WIND POWER PLANT

13 October , 2015  

KYIV. Oct 13 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will consider providing EUR 11.6 million to Carpathian Wind LLC (Lviv, under the control of businessman Zinoviy Kozytsky) to build a wind farm with a capacity of 9.9 MW near Stary Sambir (Lviv region).

EBRD said on its website that the bank’s board will consider the project on November 25, 2015.

Under the project, the bank could provide EUR 8.5 million of its own funds and EUR 3.1 million issued by Clean Technology Fund (CTF). The cost of the project is EUR 17.9 million.

As reported, Kozytsky’s Eco-Optima built and operates a wind power plant near Stary Sambir with a capacity of around 13 MW. The EBRD’s funds were also used to build this plant.