The European Bank for Reconstruction and Development (EBRD) is financing the construction of four biogas CHP plants across Belarus. A loan of up to $15 million to three special purpose companies owned by the Lithuanian UAB Modus Group will be used to construct and commission four biogas CHP plants with a total installed capacity of 4 MW. The location of the plants will be in the Grondo and Brest regions, in the north-west and south-west of Belarus, respectively. The project will be the first direct investment for the EBRD in the Belarus power sector. Technical cooperation funds for the project have been provided by the Government of Japan via the EBRD Green Economy Transition Project Preparation and Implementation Framework.
Alex Pivovarsky, EBRD Head of Belarus, said: “The project is consistent with the EBRD’s country strategy for Belarus and our Green Economy Transition approach. It will improve the energy supply mix in the country and promote the development of renewable energy projects.”
Harry Boyd-Carpenter, Head of Power and Energy Utilities for the EBRD, said: “This transaction is our first direct investment in the power sector in Belarus. We very much hope that this will pave the way for more engagement in the country to help the power sector in its transition into a more sustainable and diversified sector.”