Renewable

December 29 (Renewables Now) - The European Bank for Reconstruction and Development (EBRD) has extended a EUR-25-million (USD 29.9m) loan to Ukraine-based agricultural producer PJSC Myronivsky Hliboproduct (MHP) for a 10-MW biogas project.

Planned to be the largest biogas plant in Ukraine, the proposed facility will be constructed in the town of Ladyzhyn, Vinnytsia region, and will be using chicken manure and agricultural residues from MHP’s activities. The company is engaged in the production of poultry meat, grain and fodder and already has one biogas plant.

Once up and running, the new biogas facility is expected to cut MHP’s greenhouse gas emissions by 90,000 tonnes annually.

The project is part of MHP’s long-term plan to add green energy capacity to its assets, become self-sufficient in terms of electricity production and lower its environmental footprint. Apart from the senior credit facility, it will be backed with a USD-358,000-grant under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme.

Technical cooperation funds for the project were provided by the EU Neighbourhood Investment Facility (NIF) and the Japan-EBRD Technical Cooperation Fund.

The EBRD noted it has allocated nearly EUR 11.6 billion in financing for Ukrainian projects since 1993.

(EUR 1.0 = USD 1.195)