Archive | Source: European Bank for Reconstruction and Development

Press Release: MDBs increase 2016 financing to tackle climate challenge

The world’s six largest multilateral development banks (MDBs) continued to make a strong contribution to the global climate challenge in 2016, increasing their climate financing in developing countries and emerging economies last year to US$ 27.4 billion from US$ 25 billion in 2015. Full article…

Press Release: EBRD finances district heating in Ust-Kamenogorsk, Kazakhstan

The EBRD is increasing its support for municipalities in the regions of Kazakhstan with a new investment in East Kazakhstan: the modernisation of the district heating system of the city of Ust-Kamenogorsk. The investment will improve energy efficiency, reduce heat loss and optimise operations. The implementation will have a tangible impact on people’s lives as customers will benefit from better quality of supply, which is essential in a region where winter temperatures tend to drop as low as minus 20 degrees Celsius in winter. Full article…

Press Release: EBRD receives strong backing for climate change work during Korea visit

The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, gained strong backing for the EBRD’s work in the green economy during a visit to the Republic of Korea. The President held meetings with the Korean government and the Green Climate Fund (GCF), which is based in Korea. Full article…

Press Release: EBRD and FINTECC support Dniprovska Agri Group

The EBRD is providing a US$ 5 million loan to the Ukrainian poultry producer Dniprovska Agri Group (DAG) for the construction of a biomass boiler, which will improve the company’s operational and environmental performance. Full article…

Press Release: EBRD provides a €120 million loan to the Morocco Saïss Water Conservation Project

The EBRD is providing a €120 million loan to the Saïss Water Conservation Project in Morocco that will help protect the country’s agricultural sector from the impact of climate change. The EBRD’s financing for the Saïss Water Conservation Project for the construction of irrigation infrastructure is being supported by a co-financing grant of €32 million from the Green Climate Fund (GCF).

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Press Release: New EBRD/FAO methodology tracks climate technology uptake in the agrifood sector

The  European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization of the United Nations (FAO), in collaboration with the International Energy Agency, have developed a methodology to help countries and investors track climate technology trends and uptake. Full article…

Press Release: EBRD President to visit Kazakhstan

EBRD President Suma Chakrabarti is to visit Astana, the capital of Kazakhstan, on 22-23 June to co-chair the meeting of the Foreign Investors’ Council. The 30th plenary session of the Foreign Investors’ Council (FIC) will gather on 22 June in Astana to discuss the topic “New Energy”. The FIC is chaired by the presidents of Kazakhstan and the EBRD. In his opening remarks, President Chakrabarti will point out the importance of green and renewable energy investments where the Bank is a recognised leader in its countries of operations.

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Press Release: Increasing energy efficiency in Kosovo’s buildings

Over 3,100 households in densely populated Kosovo are cutting their energy bills and enjoying more comfort at home after investing in energy-saving improvements through the Kosovo Sustainable Energy Projects (KoSEP), an EBRD credit line supported by Norway and the European Union. Full article…

Press Release: EBRD invests in second solar park in Kazakhstan, Burnoye-2

The EBRD is financing the 50 MW Burnoye Solar-2 project in Kazakhstan in partnership with the multilateral Clean Technology Fund (CTF). The investment in the southern Zhambyl region follows Burnoye Solar-1, the award-winning first utility-scale renewable energy project in Kazakhstan under the new legislation which enabled private investment in the sector. Full article…

Press Release: EBRD, Samruk-Kazyna support inclusive mining in Kazakhstan with ShalkiyaZinc expansion

The EBRD is arranging a US$ 350 million syndicated loan to JSC ShalkiyaZinc Ltd, a Kazakh mining company, for the expansion of the Shalkiya zinc and lead mine in the Kyzylorda region as well as the construction of a new processing plant at the site.
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