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The EBRD will lend state gas producer UkrGazVydobuvannya €52 million to increase energy efficiency and to maintain gas production.

Tuesday, August 4, 2020
The EBRD will lend state gas producer UkrGazVydobuvannya €52 million to increase energy efficiency and to maintain gas production.

The EBRD will lend state gas producer UkrGazVydobuvannya €52 million to increase energy efficiency and to maintain gas production. With a payback period up to 15 years, the interest rate is about 2.5% per year. The state guarantee costs 1% of the loan. UGV will use the money to upgrade its workover rigs for depths over 5 km and to introduce energy efficiencies at its Lokachinsky field, in Volyn region.

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To ease Kyiv’s growing traffic jams, the city is opening park and ride lots near six Metro stations.

To ease Kyiv’s growing traffic jams, the city is opening park and ride lots near six Metro stations.

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