EBRD provided a senior loan of EUR 25 million to MHP
The European Bank for Reconstruction and Development (EBRD) provided a EUR 25 million loan for Myronivsky Hliboproduct (MHP).
The loan will be used to construct and put into operation a 10 MW biogas plant in the town of Ladyzhyn, Vinnytsia region. The biogas plant will utilise chicken manure and other agricultural residues from MHP’s poultry and grain operations.
By financing this project, the EBRD is helping MHP implement its long term strategy to develop ''green energy'' capacity, become self-sufficient energy-wise, reduce its environmental footprint and manage waste. This will be the second biogas plant for MHP and the largest biogas facility in Ukraine to date.
''The project will benefit from a USD 358 thousand grant available under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme,'' the message says.
Reference: the total cost of the project is estimated at EUR 27 million.