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power plant >> Hungarian government, Grundfos signs strategic partnership agreement >> GVH greenlights Veolia’s purchase of GDF Suez’s plant >>Bulgaria opens new gas transmission pipeline >> EU gives Romania a due date to close and/or restore 109 landfills > Bulgaria Expects to Choose Builder of Gas Link to Romania > EIB extends backing to SME and mid-top undertakings through BS in Slovenia >WOOD-TEC 2015: 14th International Fair for Wood and Furniture Industry in Brno > Laesti raises more capital for Sauga sawmill in Pärnu, Estonia > Poland’s BZ WBK Lease gets loan of €50 million for sustainable energy projects >Bosch invests HUF 9.3 billion in plant expansion > EBRD increases backing for sustainable energy in the Slovak Republic > EBRD targets increased energy savings in Ukraine >> EBRD and EU aim to and develop the water and wastewater services in Romania’s Ilfov County >> Enea to purchase an additional wind farm in CEE >> UPB Energy to build a EUR 30 biomass energy plant in Latvia >> REC celebrates 25 years, embarks on route for the foreseeable future >> Low-carbon city forum focuses on green development >> WIL has many years of expertise in the tyre recycling business >>EBRD and EU look to improve Kazakhstan’s long term source of water >> REC celebrates 25 years, embarks on route for the foreseeable future >> WIL has many years of expertise in the tyre recycling business > RWE to expand wind power portfolio in Poland > Environment : EU Commission brings POLAND and SLOVENIA to The court for e-waste failings >EUR 35 mln will be invested in a Romanian eco-residential complex >> Brodosplit Shipyard in the Adriatic port of Split >> EBRD Transition Report 2013: Emerging economies can break through reform stagnation >> Finish company Fiskars thanks MOL for 350% increase in sales >> Ikea largest store in Poland is completed in Wrocław >> EBRD extends extra €15 million to Raiffeisenbank (Bulgaria) for energy efficiency projects >> Growth returns to Central Europe as 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EBRD steps up support for energy efficiency investments in Belarus

2013-09-13 00:00:00

The European Bank for Reconstruction and Development (EBRD) has stepped up its support for energy efficiency investments in Belarus, with its third loan agreement under a new financing facility that was launched in the country earlier this year.

The latest funding is a loan of €10 million to Bank BelVEB OJSC for on-lending to private companies investing in sustainable energy projects.

The loan comes within the framework of the €50 million Belarus Sustainable Energy Financing Facility (BelSEFF), which was launched in Minsk, in February 2013.

Funding under the five-year loan to BelVEB will be earmarked for investments to improve energy efficiency and promote greater use of renewable energy resources.

BelVEB was a strong candidate for lending under the new programme because of its strong presence across Belarus and its lively appetite for sustainable energy lending.

“We are very happy to be working together with BelVEB in our drive to help roll out energy efficiency investments across Belarus,” said Francis Delaey – Head of EBRD’s Resident Office in Belarus – at a signing ceremony today.

In addition to EBRD funding, companies will be able to benefit from free technical support funded by the Czech Republic, which will help them choose and carry out their energy efficiency projects.

Energy efficiency and the development of renewable energy sources is important in Belarus, where the consumption of energy, as measured against GDP, is 2.5 times higher than the EU average, and where imports account for 80 per cent of energy consumption.

The EBRD launched its Sustainable Energy Initiative in 2006, and has since invested over €11 billion in more than 600 projects across all of its countries of operations.

Source: ebrd.com
Author(s):Press Office

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