The European Bank for Reconstruction and Development (EBRD) will provide funding for a project to reduce energy loss and improve energy efficiency through improvements to the municipal heat and hot water utilities and installation of biomass plants in the Ukraine.
23 February 2012: The European Bank for Reconstruction and Development (EBRD) approved a €10 million loan to reduce energy loss in gas and electricity consumption and improve the quality of heat and hot-water provision in the Ukrainian municipality of Zhytomyr.
With these funds, the municipal district heating utility enterprise will install mini CHPs (co-generation plants for simultaneous generation of heat and electricity), introduce individual heating substations equipped with heat meters, rehabilitate and modernize boiler houses and replace obsolete network pipes with pre-insulated pipes. The loan will be complemented with a €5 million grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P) that will finance the installation of biomass plants, the installation of additional individual heating substations and subsequent conversion of distribution networks.
The project is expected to result in a reduction of 3.7 million cubic metres per year of gas consumption and electricity savings of up to 29,000 MWh per year, as well as reductions of 34,481 tons of carbon dioxide and 6.2 tons of nitric oxide emissions annually. [EBRD Press Release]