CMS Cameron McKenna Nabarro Olswang has advised the EBRWD on funding to improve the energy efficiency of public buildings in Ukraine. The Central Ukrainian city of Kremenchuk is the first municipality to receive funding under the EBRD’s Public Sector Energy Efficiency Financing Framework.
The EBRD will provide loan financing of up to EUR 7.5 million and a EUR 1.5 million grant to the Kremenchuk Municipal Energy Service Company. The financing will be secured by a municipal guarantee of the Kremenchuk City Council.
As an integral part of the project, a large number of Kremenchuk’s public buildings, including kindergartens, schools, and hospitals, are expected to undergo energy efficiency improvements.
The CMS team was led by Partner Elitsa Ivanova and Senior Associate Vyacheslav Ovechkin, and included Khrystyna Korpan.