The mechanism of work of the Fund for Guaranteeing Loans for Energy Efficiency in Industry in Ukraine is presented.
Within the framework of the online conference on the topic: “Fund for guaranteeing loans for energy efficiency in industry: how does it work?”, which took place on November 26, 2020, the mechanism of its operation was presented. It is the first financial instrument in Ukraine that use guarantees to improve financing conditions for industrial energy efficiency.
Credit Guarantee Fund, as a financial mechanism, created in Ukraine by the United Nations Industrial Development Organization (UNIDO) together with JSB Ukrgasbank with the help of the Global Environment Facility (GEF) as part of the implementation of the objectives of the UNIDO / GEF UKR IEE technical assistance of project “energy management in the Ukrainian industry”.
The fund was created for industrial enterprises wishing to take out a loan for the implementation of an energy management system or for projects to optimize energy consumption systems.
The work of the Loan Guarantee Fund for the implementation of energy management systems (respectively ISO 50001), as well as other energy efficiency measures at Ukrainian enterprises will help to increase the level of energy efficiency and competitiveness of Ukrainian businesses, in particular, in international markets.
Funding is provided for:
- Implementation and certification of the energy management system (according to ISO 50001).
- Implementation of measures to optimize energy consumption.
More detailed information on the terms of the Loan Guarantee Fund can be found on the website of JSB Ukrgasbank at the link: https://www.ukrgasbank.com/about/cooperation/unido/.