16 Apr 2024 13:23

Ukraine to receive grant from E5P, Nefco to build 3 solar power plants

MOSCOW. April 16 (Interfax) - The Chortkov Production Department of Water Supply and Sewerage Services (Chortkov Water Canal company, Ternopol region, Ukraine) will receive a 510,000-euro grant from the Eastern Europe Energy Efficiency and Environment Partnership Fund (E5P) and the Nordic Environment Finance Corporation (NEFCO), Chortkov Mayor Vladimir Shmatko said.

"We have been seeking this money for a year and two months [...]. A 460,000-euro gift for Chortkov and our Chortkov Water Canal utility to build three solar power plants from the Eastern Europe Energy Efficiency and Environment Partnership Fund. And a 50,000-euro gift for technical support from the NEFCO fund," Ukrainian media quoted him as saying on social networks.

E5P was set up during Sweden's EU Presidency in 2009. A number of donors and international finance institutions are backing it. The fund's grants along with loans from international finance institutions are used to support investment in municipal infrastructure to increase energy efficiency in Ukraine, improve the environment and tackle climate change. To date, E5P has supported 27 investment projects for over one billion euros across the country.

NEFCO is an international finance institution that funds the expansion of Nordic green solutions on global markets. It was established in 1990 by Denmark, Finland, Iceland, Norway, and Sweden.

More than 300 projects have been implemented in Ukraine since 2010 in more than 100 municipalities. To date, NEFCO has worked on rehabilitation projects jointly with almost 40 municipalities.