Patients and medical staff at clinics, as well as children attending kindergartens and schools in the Ukrainian city of Dnipro, are to enjoy better heating in their buildings thanks to funds provided by the European Bank for Reconstruction and Development (EBRD) and the Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund, to which the European Union and Sweden are the largest contributors.
An E5P grant of €5.5 million complements a €25 million loan from the EBRD to the municipal energy management company Dniprovska Municipalna Energoservisna Kompanya.
The project builds on a previous joint pilot investment by the EBRD, the E5P and the Clean Technology Fund to the Dnipro municipal energy management company, which helped upgrade 33 schools and 48 kindergartens in the city.
With the help of the joint financing, close to 100 public buildings will be refurbished to improve their energy efficiency, introduce better heating systems and create a more comfortable environment for students, patients, teachers and doctors.
The E5P is a multi-donor and multi-IFI fund operational in all the Eastern Partnership countries. In Ukraine, it is supported by the European Union (the largest contributor), Sweden (the fund’s initiator and largest bilateral donor), Ukraine itself and other countries. E5P support for the country totals €137 million dedicated to municipal energy and environmental projects, mainly for energy efficiency in buildings and district heating rehabilitation.
The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has provided almost €14.5 billion in financing across 489 projects.
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