| Project Detail |
A senior loan of up to EUR 25 million to the Communal Enterprise "Dniprovska Municipalna Energoservisna Kompanya", the municipal energy management company, owned by the city of Dnipro. The loan is expected to be co-financed by up to EUR 5.5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P), subject to grant approval by the E5P Assembly of Contributors. The local contribution of up to EUR 2.5 million will cover additional energy conservation measures and capital repairs.
The project proceeds will finance a pipeline of works contracts with elements of an Energy Performance Contract (EnPC") for energy efficiency investments in 98 public buildings, including 67 kindergartens, 27 schools and 4 outpatient clinics.
The loan will be a sub-project under the Public Sector Energy Efficiency Financing Framework, consisting of municipal-guaranteed loans to municipal energy management companies in Ukraine to facilitate critical improvements in energy efficiency measures in public buildings in a number of cities across Ukraine.
Project Objectives
The proposed investment will enable the city to finance energy efficiency measures through EnPCs implemented by private contractors selected by competitive tender. The investments are expected to result in strong improvement of buildings condition through renovation of facilities and meeting heating requirements, improved comfort level and reliability of services at kindergartens, schools and clinics, as well as reduction of energy and maintenance costs of the buildings and decrease of CO2 emissions. |
