EBRD and FINTECC support Dniprovska Agri Group, July 2017
24 July 2017
The EBRD is providing a USD 5 million loan to the Ukrainian poultry producer Dniprovska Agri Group (DAG) for the construction of a biomass boiler, which will improve the company’s operational and environmental performance.
Located in Nikopol in the south of the country, the family-owned DAG is Ukraine’s third-largest poultry producer and is also active in oilseed crushing. The new biomass boiler will use poultry manure from the company’s farms and help optimise its energy-supply mix as well as reduce its operating costs.
The 12-tonne-per-hour, steam-based biomass boiler will offer DAG the best available technical solution for its needs. The facility will reduce water consumption by 60 percent and will also achieve a fivefold reduction in the consumption of natural gas. Once operational, the boiler will reduce CO2 emissions by 9,300 tonnes per year.
The loan will be supported with an USD 850,000 incentive grant provided through the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme designed to transfer technology in the area of climate change mitigation and adaptation. The FINTECC programme, launched in Ukraine last year, is supported by grant funding from the Global Environment Facility (GEF) and the European Union’s Neighbourhood Investment Facility (NIF).
The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost EUR 12.2 billion through 377 projects since the start of its operations in the country in 1993.