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725 Banking

MHP to attract EUR 25mln loan from EBRD for biogas plant

EBRD will announce its decision after the committee sitting on November 29

The European Bank for Reconstruction and Develpoment will make its decision upon the issue of EUR 25mln facility for the poultry major MHP for the construction of biogas plant in Vinnytsia region of Ukraine. The projected capacity of the plant amounts to 10MWT. The raised funds are aiming at the improvement of the energy efficiency of the enterprise and bettering of the impact on the environment. The total worth of the project amounts to EUR 27mln, according to MHP. The biogas will be produced from the poultry manure and used as an alternative energy source. 

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