CEE Legal Matters – Sorainen Advises EBRD on Second Loan to Modus Group for Construction of Biogas Power Plants in Belarus

EBRD-financed new biogas plant in Belarus to turn waste into energy. The EBRD provided a 2.9 million sovereign loan for the construction of the facility, which complies with EU regulations and will generate 4,380 MWh of electricity and 3,880 Gcal of heat per year from biogas extracted from wastewater sludge.

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The first biogas plant under a framework agreement between the government of Belarus and the European Bank for Reconstruction and Development (EBRD) in the municipal and environmental infrastructure sector has started operation in Baranovichi, a city in western Belarus with a population of more than 170 000.

European-financed small hydropower plants damaging pristine Balkan landscapes – study Eight hydropower projects in Albania, Croatia and Macedonia financed with European public money have damaged biodiversity and are in urgent need of increased monitoring and restoration measures.

EBRD finances major biogas project in Ukraine. The financing package arranged by the Bank includes a 10-year EBRD loan of up to 5.07 million and a 15-year loan of up to 2.03 million from the clean technology fund (CTF). The financing for the Rokytne biogas project is part of the Ukraine Sustainable Energy Lending Facility (USELF).

The European Bank for Reconstruction and Development is supporting renewable power generation and foreign investment in Belarus by financing the construction of four biogas combined-heat-and-power plants (CHPs) across the country. 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 put into operation four biogas CHP plants with total installed capacity of 4 MW.

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Patricia Gannon (far left) was one of a select group of Central and Eastern Europe’s leading business lawyers that gathered at the Mar- riott Hotel in Prague for the second annual CEE Legal Matters End-of-Year Summit, for a focused Round Table conversation about the state of CEE’s many legal markets in 2015, and their expectations for 2016.

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EBRD provides EUR 25 million loan for 10 MW Ukrainian biogas plant.. This will be the second biogas plant for MHP and the largest biogas facility in Ukraine to date (photo courtesy EBRD).. New EBRD-financed biogas plant in Belarus to turn sludge into energy.

By financing this project, the EBRD is helping MHP implement its long term strategy to develop "green energy" capacity, become self-sufficient energy-wise, reduce its environmental footprint and manage waste. This will be the second biogas plant for MHP and the largest biogas facility in Ukraine to date.

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