The European Investment Bank (EIB) will provide €80 million in funding to Oschadbank for the implementation of projects focused on centralized heating, renewable energy generation, and energy efficiency. The financing will support municipal initiatives aimed at preparing for the upcoming autumn-winter season.
According to the EIB’s official website, the primary objective of the loan is the swift restoration and protection of damaged or non-operational thermal power stations, the provision of essential heating services during winter, and the strengthening of the country's overall energy security.
The funding will facilitate the deployment of modern technological solutions such as small gas-fired CHP plants, solar power stations with energy storage, decentralized heat generation systems, heat pumps, as well as solutions for enhancing both cyber and physical protection of energy infrastructure. It will also support thermal modernization projects for public buildings.
Yurii Katsion, Deputy Chairman of the Management Board of Oschadbank responsible for corporate banking, noted that the bank maintains a leading position in municipal financing, holding a 57% market share as of May 1, 2025.
