On November 29, 2019, by the decision of the Project Steering Committee, the Project was extended until December 31, 2021.

For the extension period, the Project’s activities are primarily aimed at the creation and launch of an innovative Loan Guarantee Fund (LGF) for industrial enterprises wishing to take a loan for the implementation of an energy management system or projects of optimizing energy consumption systems in Ukraine.

The Loan Guarantee Fund was created in cooperation with a partner bank – Ukrgasbank (Eco-Bank).

The concept and documents for creating the Loan Guarantee Fund were agreed on the Meeting of the Project Steering Committee.

Detailed information on the operation of the fund, operating cycle, conditions and criteria will be available after the bank announcement.