The European Bank for Reconstruction and Development (EBRD) together with the Global Environment Facility (GEF) will finance a program of support for bioenergy development worth over $50 million, Lesya Kuzmenko, the EBRD Deputy Head in Ukraine, has said.
“The program is aimed at technologies and systems for collection, storage and processing of agrobiomass. We plan to mobilize about $50 million for its implementation,” she said at the official opening of the program “Sustainable Bioenergy Value Chain Innovation” in Ukraine.
The leading engineer of the EBRD in Ukraine, Tetiana Markuta, clarified that the total amount of the four-year program is $55.8 million, and it is planned to launch it from the fourth quarter of 2019. According to her, the Global Environment Facility provides grant support under the program.
Most of these funds – $50 million – will be issued for lending to bioenergy projects in the private sector, and another $3.5 million for incentive grants, she said. The remaining funds are to be used for information support and educational projects in the field of 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,” she added.
She noted that the support is designed for companies in the field of agriculture and logistics, companies that can work with waste, as well as those that produce and process biomass.
