Energy Efficiency for Public Buildings Project in Ukraine

Opportunity Background

Framework loan aimed at thermal refurbishment of public buildings in Ukraine.

Opportunity Structure

Objectives

The projects aim at supporting energy efficiency improvements in public buildings in Ukraine (including administrative, schools, kindergartens, cultural buildings, hospitals). The investment needs for renovation of public buildings in Ukraine are estimated to be at least €2 billion. EIB projects would focus on comprehensive refurbishment including horizontal measures and integration of small-scale renewables.

Proposed EIB finance (Approximate amount)

EUR 300 million

Total cost (Approximate amount)

EUR 407 million

Environmental aspects

The underlying projects or measures would not be expected to fall under Annex I or Annex II of the EIA Directive 2011/92/EU, if located in the EU. The environmental assessment process and relevant documents will be reviewed during the project’s due diligence. Through energy savings, the project will enable lower energy consumption and will reduce associated CO2 emissions.

Procurement

The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.

Financing (Approximate Amount)

The total budget for the project is EUR 407 million while the proposed EIB finance is EUR 300 million.

Executing Agency

The project is executed by UKRAINE

Competitive Scope

The project is now in its planning stage. It can be expected that services, supplies, and/or works in energy development may be procured in the duration of this project.