27 News & Press Releases found
European Bank for Reconstruction and Development News
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Ukraine Receives EUR 600 Million for Nuclear Safety
The European Bank for Reconstruction and Development will provide a EUR 300 million loan for the comprehensive program of upgrading operating Ukrainian nuclear power plants. In addition to EBRD`s loan, the European Atomic Energy Community (Euratom) ...
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EBRD finances construction of new wind farm in Bulgaria
€60 million syndicated loan to build Suvorovo wind farm The EBRD is supporting the development of renewable energy in Bulgaria with a €60 million syndicated loan to Eolica Bulgaria to finance the development of the Suvorovo wind farm, in the ...
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Boosting energy savings in Bulgaria
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant. The government plans to reduce the energy consumption at ...
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EBRD helps boost green energy use in Poland
The EBRD is promoting the use of renewable energy in Poland with a loan to finalise the construction of one of the country’s first large-scale biomass power plant. The Bank is providing a €30 million loan to Saturn Management, an independent ...
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Carbon fund set up by EBRD and EIB in 1st Russian venture
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), ...
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EBRD loan to cut pollution in eastern Siberia
A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more ...
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EBRD rolls out new Russian energy efficiency lending initiative
The European Bank for Reconstruction and Development has launched a new $300 million programme to boost energy savings in Russia with an initial transaction providing a long-term loan of up to $60 million to Promsvyazbank for on-lending to private ...
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EBRD supports energy security in central Europe
The EBRD is helping Hungary enhance its energy security by providing a €200 million loan to MOL, Hungary’s leading energy company, to finance the completion of a strategic gas storage facility in the southern part of the country. Situated in close ...
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EBRD unveils energy efficiency action plan for Ukraine
In a major step towards promoting an energy efficient economy, the European Bank for Reconstruction and Development and the government of Ukraine have agreed on a Sustainable Energy Action Plan (SEAP). Vice Prime Minister Hryhoriy Nemyria from the ...
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EBRD pioneers gas storage project in Croatia
The EBRD is helping Croatia ensure security of energy supply by providing a €70 million senior corporate loan to Plinacro, a state-owned Croatian gas transmission operator, to acquire a gas storage facility in Okoli, near the capital Zagreb. ...
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EBRD to trigger investments of up to EUR 15bn in energy efficiency, renewables in eastern Europe
The EBRD is to trigger investments in sustainable energy projects worth up to €15 billion in the next three years in its drive to finance the development of new sources of clean energy and to reduce energy wastage throughout eastern Europe. The ...
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EBRD supports EUR 29m wind farm project in Poland
The EBRD has signed a PLN 125.9 million (€29 million)-loan agreement to support a wind farm project in Tychowo, northern Poland, with a generation capacity of 50MW of “green energy”. The wind farm is expected to start operation in December this ...
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EBRD supports renewable energy in Estonia
The EBRD is increasing its support for the development of renewable energy in its region with the commitment to purchase a 25 percent stake in OÜ Raisner, a private company which is developing the 150MW Lüganuse Windfarm. This is the first large ...
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Market demand makes EBRD increase Severstal energy efficiency loan to EUR 600m
As a result of strong demand, a long-term unsecured energy efficiency loan to Russia’s leading steelmarker Severstal by the European Bank for Reconstruction and Development has been increased in size to €600 million from the originally planned €500 ...
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European bank pays EUR 140m for 8% stake in Russian regional power company TGK-9
The European Bank for Reconstruction and Development has obtained an eight percent stake in TGK-9, a regional generating company powering some of Russia’s key industrial areas, completing a privatisation investment set in motion last December under ...
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EUR 10m for energy efficiency in the Slovak Republic
The Bohunice International Decommissioning Fund is providing EUR 10 million for investments to improve the energy efficiency of public buildings in the Slovak Republic. The grant agreement was signed by Economy Minister Lubomir Jahnatek for the ...
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EUR 150m EBRD loan to Ukrainian power company
New transmission line brings reliable power supply to central Ukraine and its capital - The EBRD is providing a EUR150 million to Ukraine to be on-lent to the national power company Ukrenergo to improve substantially the efficiency, quality and ...
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$25m for energy efficiency projects in Ukraine
The EBRD European Bank is providing a loan facility of $25 million to Bank Forum of Ukraine. Potential clients of the bank will be local private sector companies, which should be able to receive sub-loans of up to $5 million to finance their energy ...
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€59m for energy efficiency projects in Romania
The EBRD is launching its first ever credit facility to finance energy efficiency projects by private industrial companies in Romania. Under the new framework, the Bank will make loans to the banking sector which will then provide credits to private ...
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EBRD in €15m loan to Bulgaria’s UniCredit Bulbank for energy efficiency projects
The EBRD has agreed a loan of €15 million for Bulgaria’s UniCredit Bulbank for on-lending to private industrial companies in Bulgaria to finance energy efficiency projects. The loan to UniCredit Bulbank is part of the EU/EBRD Energy Efficiency ...