ENERGY EFFICIENCY AND INNOVATION (EIB-20160873)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 19, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
FIRM ASTARTA-KYIV LLC
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 43.83 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 36.55 million
Converted using 2017-09-19 exchange rate.
Loan Amount (USD)
$ 43.83 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 36.55
Converted using 2017-09-19 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 12, 2018

Disclosed by Bank Apr 24, 2017


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Project Description

According to EIB website, the investment aims to enlarge grain and sugar storage capacity. The EIB loan is also expected to finance the development of an information technology (IT) solution to improve a series of agricultural processes as part of the InnovFin scheme. It is also expected to enable the company to improve trade and export logistics by upgrading existing and constructing new grain and sugar silos. As part of the InnovFin programme, the EIB also aims to help the company make use of Ukraine's IT capabilities in order to develop innovative solutions that optimise processes along the agricultural value chain.

Based on the bank documents, the client should submit to the Bank the operating permit(s) for the individual components of the project before the start of their operations and; implement and operate the relevant projects in conformity with applicable national and EU environmental law including on EIA.

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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