13 Jan 2023 10:46

Germany to help finance Ukrainian businesses' eco-modernization projects

MOSCOW. Jan 13 (Interfax) - The German government will help fund the eco-modernization of Ukrainian enterprises as part of the Best Available Techniques (BAT) for Ukraine program, which envisages co-financing several 2-million-euro projects to facilitate Ukrainian businesses' transition to BAT, Ukraine's Minister of Environmental Protection and Natural Resources Ruslan Strilets said.

The selection of projects will continue until February 28, 2023, Ukrainian media quoted Strilets as saying during the national telethon on Thursday.

According to the website of Germany's Agency for International Cooperation (GIZ), the agency is implementing the Best Available Techniques for Ukraine projects on behalf of the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection.

Germany will help Ukrainian enterprises introduce these technologies and reduce industrial emissions. The Ukrainian Ministry of Environmental Protection and Natural Resources in the project's political partner in implementing industrial pollution reforms.

Under the terms for participation in the BAT project, grants in the amount 20% of total costs for the project's implementation will be provided as co-financing, but no more than 2 million euros per project, within the limits of the program's available funds.

Eighty percent of a grant will be paid in instalments in accordance with an enterprise's plan for the purchase of equipment and services, and the remaining 20% will be provided upon completion of the final audit.