On November 26, 2020, from 9:00 to 14:00, an online conference will be held on the topic: “Loan Guarantee Fund for energy efficiency in industry: how does it work?”
- Registration for participation in the event at the link.
- Information about the Loan Guarantee Fund is attached.
- Program of the event.
The granting of guaranteed loans is supposed to help industrial enterprises in financing energy efficiency measures and, first of all, in the implementation of the Energy Management System (EnMS) in accordance with the state standard DSTU ISO 50001. Thanks to the Fund, Ukrainian industrial enterprises will be able to attract loan financing without collateral and with lower interest rate.
The availability of financing for energy efficiency measures should significantly improve the competitiveness of Ukrainian enterprises: reduce the cost of the product and increase the efficiency of energy use. This, in turn, is especially relevant for the Ukrainian industry in the context of its recovery from the consequences of COVID-19 and should contribute to improvement of the Ukrainian economy: reducing the energy intensity of GDP, reducing CO2 emissions (decarbonization), as well as improving the energy stability and energy security of the system.
An innovative financial instrument – the Loan Guarantee Fund (LGF) was created and implemented by the United Nations Industrial Development Organization (UNIDO) jointly with Ukrgasbank JSB, with the help of the Global Environment Facility (GEF) and with the support of national beneficiaries.
The Loan Guarantee Fund as a financial mechanism was introduced as part of the implementation of the objectives of the UNIDO/GEF UKR IEE Technical Assistance project “Introduction of Energy Management System Standard in Ukrainian Industry”
On November 26, a presentation of the work of the Loan Guarantee Fund will take place: how this can stimulate energy efficiency in industry, how much lower interest rates will be, why for enterprises the Energy Management System and energy optimization projects, the potential of industrial energy efficiency, practical examples, exchange of experience of entrepreneurs, pilot enterprises and many other questions will be covered during the online conference.
Conference organizers: UNIDO, Ukrgasbank JSB, European-Ukrainian Energy Agency.
Conference partners: Ministry of Energy of Ukraine, Ministry of Economic Development, Trade and Agriculture of Ukraine, State Agency for Energy Efficiency and Energy Saving of Ukraine.