EBRD Provides Loan for Biogas Plant at Ukraine’s MHP
by Anton Usov (European Bank for Reconstruction and Development/Biomass Magazine) The European Bank for Reconstruction and Development provided a senior loan of €25 million to PJSC “Myronivsky Hliboproduct” (MHP), a London Stock Exchange listed Ukrainian producer of poultry meat, grain and fodder. 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 utilize 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 US$358,000 grant available under the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) program. It will support improvements in the technology of biogas production and the implementation of energy management system.
It is expected that once operational the biogas plant will reduce MHP GHG emissions by 90,000 metric tons of CO2 equivalent per year.
Technical cooperation funds for the project were provided by the EU Neighbourhood Investment Facility and the Japan-EBRD Technical Cooperation Fund. READ MORE