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) programme. 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 tonnes of CO2 equivalent per year.
The EBRD’s FINTECC program is designed to transfer technology in the area of climate change mitigation and adaptation and was launched in Ukraine in February 2016. The three-year FINTECC program is supported by $7 million of grant funding from the GEF and a €4 million grant from the EU’s NIF.
