PSEEF: Dnipro Public Buildings EE

repaying

A senior loan of up to EUR 25 million to the Communal Enterprise "Dniprovska Municipalna Energoservisna Kompanya", the municipal energy management company, owned by the city of Dnipro. The loan is expected to be co-financed by up to EUR 5.5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P), subject to grant approval by the E5P Assembly of Contributors. The local contribution of up to EUR 2.5 million will cover additional energy conservation measures and capital repairs. The project proceeds will finance a pipeline of works contracts with elements of an Energy Performance Contract (EnPC") for energy efficiency investments in 98 public buildings, including 67 kindergartens, 27 schools and 4 outpatient clinics. The loan will be a sub-project under the Public Sector Energy Efficiency Financing Framework, consisting of municipal-guaranteed loans to municipal energy management companies in Ukraine to facilitate critical improvements in energy efficiency measures in public buildings in a number of cities across Ukraine.