EASTERN EUROPE ENERGY EFFICIENCY AND ENVIRONMENT PARTNERSHIP

Zhytomyr District Heating Rehabilitation




Lead IFI
EBRD
Sector
District Heating
Location
Zhytomyr
E5P Assembly Approval
11/11/11
Grant Signed
Not Signed Yet
Financing (MEUR)
E5P Grant 5.11
IFI Loan 7.00
Local Contribution 2.00
Other Loans 3.00
Total 17.11

Description

The financial and operational management of the Company will be improved by a Corporate Development Support Programme (“CDSP”), to be financed by the Government of Sweden. The CDSP will provide substantial training for key staff of the Company thus enabling commercial skills transfer. Adoption of a Stakeholder Engagement Plan as part of the Environmental and Social Action Plan will allow the Company to improve its business conduct and external communications. The Project will enhance transfer of significant knowledge and skills from international financial, managerial, procurement and engineering expertise to relevant staff of the City and the Company.

A Public Service Contract will be signed between the City and the Company, establishing an arms’ length relationship between them as well as formalising the rights and responsibilities regarding full cost-recovery tariffs (within the limits of the existing tariff regulatory framework), service provision and capital improvements.

Benefits

  • CO2 savings
  • Green electricity production
  • Natural Gas savings
  • Water savings
  • Full cost recovery
  • Billing linked to actual consumption
  • Audited accounts
  • Transparent public service contract