In February 2012, the GCPF and JSC “Ukreximbank” signed a facility agreement in the amount of USD 30 million to finance investment projects in Ukraine aimed at decreasing energy intensity and introducing modern technologies to improve their competitive positions.
The Facility is used for energy efficiency and small renewable energy projects of Ukrainian enterprises including small- and medium-sized enterprises (SMEs). The tenor of the funds provided under the Facility will be up to 7 years. Investment projects implemented under the program will result in energy savings of average 20% with respective reduction of emissions of greenhouse gases. The program also envisages financing of thermal protection of buildings, modernization of lighting, ventilation, heating systems, etc, for SMEs and utility companies.