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EBRD supports biomass power, thermal projects

By Erin Voegele | October 31, 2013

The European Bank for Reconstruction and Development announced in October that it will support the development of two biomass projects; a renewable power plant in Ukraine and a district heating project in Bosnia and Herzegovina.

In the municipality of Pale, located in the eastern region of Bosnia Herzegovina, the EBRD is supporting the modernization and expansion a district heating system through a loan of up to €4.5 million ($6.19 million). Gradske Toplane Pale, the community’s provider of district heating, will use the funding to purchase and install a new biomass boiler. The loan will also support the reconstruction and extension of the heat distribution network.

According to information released by EBRD, the investment will also be supported by a grant of up to €1.5 million from the European Western Balkans Joint Fund under the Western Balkans Investment Framework, and a €500,000 grant from the EBRD Shareholder Special Fund.

In Ukraine, the EBRD is financing a €15.5 million 18-megawatt wood chip-fired power plant through its Ukraine Sustainable Energy Lending Facility, an investment program designed to provide financing to local enterprises that want to invest in renewable energy projects within the country.

The power plant, under development in the town of Ivankiv in Kiev Oblast, will take in approximately 210,000 metric tons of feedstock per year. Biogasenergo, a subsidiary of Ukraine’s EIG Engineering, will supply the resulting 121,000 MWh of power to the households via the national grid. The plant is expected to be operational by mid-2014. According to the EBRD, the company plans to develop five similar 50 MW power plants across the northern regions of Ukr

 

 

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