UGV (EBRD-49204)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
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.
Sectors
  • Climate and Environment
  • Energy
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)
$ 59.65 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 EUR 51.9
Converted using 2018-10-08 exchange rate.
Loan Amount (USD)
$ 59.65 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 59.65 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 12, 2019

Disclosed by Bank Oct 8, 2018


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Project Description
<p style="text-align: left;">According to the Bank's website, this project&nbsp;will provide financing to JSC Ukrgasvydobuvannya&nbsp;for procuring workover rigs aimed at sustaining the natural gas production from the company's existing fields. Further, it&nbsp;will also support energy efficiency investments, which will introduce innovative ORCbased waste heat recovery systems from existing gas turbines.</p>
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

UGV is a 100% subsidiary of Naftogaz and the largest natural gas upstream producer in Ukraine.

Naftogaz is a 100% State-owned company. Naftogaz is the holding of a vertically integrated group of entities with activities including oil and natural gas production, transportation and storage, refining and supply.

Contact Information

Project Contact: Serhii Ivaniuta
Email Address: serhii.ivaniuta@ugv.com.ua
Telephone No.: +380444612980; +380444612980
Website: ugv.com.ua
Office Address: JSC Ukrgasvydobuvannya Kudryavska str, 26/28 Kyiv, 04053, Ukraine

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.