On June 30, 2020 Ukraine got a unique chance to help its industrial companies to access
capital for the implementation of energy management systems and other energy efficiency
measures.
The United Nations Industrial Development Organization (UNIDO) and Public Joint-Stock
Company Joint Stock Bank,“ UkrGasBank ” have signed a contract that will enable the launch
and operation of a US$1.5m Loan Guarantee Fund as special financial mechanism within
the framework of the UNIDO-GEF project, Introduction of Energy Management System
Standard in Ukrainian Industry.
The Loan Guarantee Fund is expected to play an important role in boosting activities and the
further development of Ukraine’s market for industrial energy efficiency.
Supported by national stakeholders, and facilitated by Citibank Europe PLC , the Loan
Guarantee Fund aims to help industrial companies access capital for the implementation of
energy management systems in line with ISO 50001 and other energy efficiency measures.
The Loan Guarantee Fund is the first guarantee-based financial mechanism launched by a UN
agency with a selected financial partner in Ukraine.
UNIDO believes that it is especially important to have such a financial instrument available
for Ukrainian industries during this COVID-19 recovery times to support them with
additional resources that can be dedicated to improve assets optimization and bottom-line
performance through energy efficiency, and ultimately help restore and strengthen business
competitiveness.
Link to the original text: https://cutt.ly/bos9kiE
