OREANDA-NEWS. October 25, 2012. The European Bank for Reconstruction and Development (the EBRD) held an annual conference dedicated to sustainable energy finance programs. EBRD officials and representatives of Eastern European financial institutions participating in such programs took part in the conference. Ukraine was represented by Ukreximbank as the major and the largest participant of the Ukraine Energy Efficiency Programme implemented jointly with the EBRD in Ukraine, reported the press-centre of Ukreximbank.

In his introductory speech in the conference Terry McCallion, Head of Energy Efficiency & Climate Change, EBRD emphasized the role of Ukreximbank in promotion of energy efficiency loan products and high efficiency of this state financial institution in realization of investment potential. The conference agenda included review and analysis of implementation of the Ukraine Energy Efficiency Programme, and it was pointed out specifically that the projects financed by JSC Ukreximbank have substantial energy saving potential.

Under the Energy Efficiency Programme JSC Ukreximbank financed about 50 projects for the total amount of over USD320 million and provided loans in the amount of almost USD90 million to various sectors of economy, namely engineering, metallurgy, construction, agriculture, food processing industry, renewable energy sources, etc.

“High appreciation by the leading financial and technical experts of the experience of Ukreximbank in financing of energy efficiency projects evidences the efficiency of the strategy that we have chosen, – said Mykola Udovychenko, Chairman of the Board of JSC Ukreximbank. – Implementation of these programmes provides an opportunity to solve at the same time a whole range of important issues that have recently become of top urgency. These issues are the energy saving and the decrease of dependence of the country on expensive import of energy resources, positive environmental impact as a result of air emissions reduction, appreciable economic effect for business entities and growth of competitiveness thereof.”