UA - ENERGY EFFICIENCY

Abstract*

The development objective of the Energy Efficiency Project is to contribute to improved energy efficiency by industrial and commercial companies, municipalities, municipal sector enterprises and energy service companies by facilitating sustainable financial intermediation for the financing of energy efficiency investments. The components of the project includes: Ukreximbank has a successful track record of lending to industrial companies for energy... Show More

Development Objective

The project development objective is to contribute to improved energy efficiency by industrial and commercial companies, municipalities, municipal sector enterprises and energy service companies by facilitating sustainable financial intermediation for the financing of energy efficiency investments.

Key Details

Project Details

Project ID
P096586
Status
Closed
Team Leader
Dmytro Glazkov
Borrower 2
Ukreximbank

Country
Ukraine
Disclosure Date
October 16, 2009
Approval Date
(as of board presentation)
May 17, 2011
Effective Date
November 9, 2011

Total Project Cost 1
US$ 200.00 million
Implementing Agency
*UKREXIMBANK - IBRD 80640
Region
Europe and Central Asia
Fiscal Year 3
2011

Commitment Amount
US$ 200.00 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
March 31, 2017

Last Stage Reached
BANK APPROVED
Last Update Date
October 2, 2023

Associated Projects
P129704

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change80%
- FY17 - Mitigation80%
FY17 - Environmental Health and Pollution Management9%
- FY17 - Air quality management3%
- FY17 - Soil Pollution3%
- FY17 - Water Pollution3%

FY17 - Finance

FY17 - Financial Stability10%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring10%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	200.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	200.00
IDA Commitment	N/A
IBRD + IDA Commitment	200.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	200.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

No data available.

Detailed Financial Activity as of June 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Oct 7, 2013	IBRD-80640	Loan Disb	254,934.89
Oct 15, 2013	IBRD-80640	Int Charges	5,243.00
Oct 15, 2013	IBRD-80640	Int Charges	113,419.93
Oct 22, 2013	IBRD-80640	Loan Disb	2,400,000.00
Oct 22, 2013	IBRD-80640	Loan Disb	298,976.22
Aug 13, 2013	IBRD-80640	Loan Disb	15,000,000.00
Sep 11, 2013	IBRD-80640	Loan Disb	508,090.12
Aug 28, 2013	IBRD-80640	Loan Disb	518,156.00
Oct 15, 2014	IBRD-80640	Int Charges	305,050.06
Nov 17, 2014	IBRD-80640	Loan Disb	6,858,655.00
Mar 15, 2017	IBRD-80640	Loan Disb	1,221,691.50
Feb 28, 2017	IBRD-80640	Loan Disb	969,995.60
Oct 15, 2017	IBRD-80640	Int Charges	12,391.53
Oct 15, 2017	IBRD-80640	Int Charges	2,084,166.60
Oct 15, 2017	IBRD-80640	Loan Repay	2,163,441.80
Oct 15, 2017	IBRD-80640	Loan Repay	2,096,558.20
Mar 3, 2017	IBRD-80640	Loan Disb	3,629,328.50
Apr 15, 2017	IBRD-80640	Int Charges	1,726,635.80
Apr 15, 2017	IBRD-80640	Int Charges	9,993.88
Dec 28, 2016	IBRD-80640	Loan Disb	15,000,000.00
Oct 31, 2016	IBRD-80640	Loan Disb	1,153,788.10
Aug 29, 2016	IBRD-80640	Loan Disb	4,806,762.00
Dec 19, 2016	IBRD-80640	Loan Disb	877,162.60
Nov 28, 2016	IBRD-80640	Loan Disb	2,848,440.50
Jan 30, 2017	IBRD-80640	Loan Disb	1,950,115.40
Feb 6, 2017	IBRD-80640	Loan Disb	3,245,523.80
Jun 17, 2016	IBRD-80640	Loan Disb	8,503,393.00
May 20, 2016	IBRD-80640	Loan Disb	13,915,145.00
Sep 26, 2016	IBRD-80640	Loan Disb	991,046.80
Oct 15, 2016	IBRD-80640	Int Charges	16,059.08
Oct 15, 2016	IBRD-80640	Int Charges	1,156,634.10
Dec 29, 2016	IBRD-80640	Loan Disb	2,814,240.20
Feb 22, 2016	IBRD-80640	Loan Disb	4,725,134.00
Mar 18, 2016	IBRD-80640	Loan Disb	10,352,603.00
Apr 22, 2016	IBRD-80640	Loan Disb	3,077,052.20
Apr 15, 2016	IBRD-80640	Int Charges	902.09
Apr 15, 2016	IBRD-80640	Int Charges	633,254.06
Oct 23, 2015	IBRD-80640	Loan Disb	1,822,712.10
Oct 13, 2015	IBRD-80640	Loan Disb	17,273,918.00
Dec 4, 2015	IBRD-80640	Loan Disb	1,379,532.50
Dec 17, 2015	IBRD-80640	Loan Disb	3,913,049.00
Oct 30, 2015	IBRD-80640	Loan Disb	1,642,264.40
Jan 25, 2016	IBRD-80640	Loan Disb	2,066,858.90
Oct 15, 2015	IBRD-80640	Int Charges	427,724.50
Nov 16, 2015	IBRD-80640	Loan Disb	2,306,922.00
Apr 15, 2015	IBRD-80640	Int Charges	365,927.00
Jun 17, 2014	IBRD-80640	Loan Disb	17,435,584.00
Jun 27, 2014	IBRD-80640	Loan Disb	1,730,758.90
Apr 15, 2014	IBRD-80640	Int Charges	2,724.66
Apr 15, 2014	IBRD-80640	Int Charges	231,961.88
Jan 3, 2014	IBRD-80640	Loan Disb	1,095,308.10
Dec 6, 2013	IBRD-80640	Loan Disb	1,058,722.60
Jan 17, 2014	IBRD-80640	Loan Disb	2,075,953.40
Dec 23, 2013	IBRD-80640	Loan Disb	640,799.25
Jan 3, 2014	IBRD-80640	Loan Disb	1,227,848.10
Nov 15, 2013	IBRD-80640	Loan Disb	1,167,391.60
Sep 18, 2013	IBRD-80640	Loan Disb	2,400,000.00
Dec 17, 2013	IBRD-80640	Loan Disb	15,040,777.00
Dec 17, 2013	IBRD-80640	Loan Disb	174,055.90
May 17, 2011	IBRD-80640	Loan Commitment	200,000,000.00
Apr 15, 2024	IBRD-80640	Int Charges	51,639.38
Apr 15, 2024	IBRD-80640	Int Charges	4,774,772.00
Apr 15, 2024	IBRD-80640	Loan Repay	4,260,000.00
Oct 15, 2023	IBRD-80640	Int Charges	4,524,036.00
Oct 15, 2023	IBRD-80640	Loan Repay	4,260,000.00
Oct 15, 2023	IBRD-80640	Int Charges	80,827.27
Apr 15, 2023	IBRD-80640	Int Charges	160,981.62
Apr 15, 2023	IBRD-80640	Int Charges	3,783,091.50
Apr 15, 2023	IBRD-80640	Loan Repay	4,260,000.00
Oct 15, 2022	IBRD-80640	Int Charges	2,165,580.50
Oct 15, 2022	IBRD-80640	Loan Repay	4,260,000.00
Apr 15, 2022	IBRD-80640	Loan Repay	4,260,000.00
Apr 15, 2022	IBRD-80640	Int Charges	727,380.20
Oct 15, 2021	IBRD-80640	Int Charges	801,255.30
Oct 15, 2021	IBRD-80640	Loan Repay	4,260,000.00
Apr 15, 2021	IBRD-80640	Int Charges	817,336.75
Apr 15, 2021	IBRD-80640	Loan Repay	4,260,000.00
Oct 15, 2020	IBRD-80640	Int Charges	1,702,534.40
Oct 15, 2020	IBRD-80640	Loan Repay	4,260,000.00
Apr 15, 2020	IBRD-80640	Loan Repay	4,260,000.00
Apr 15, 2020	IBRD-80640	Int Charges	2,425,405.80
Oct 15, 2019	IBRD-80640	Int Charges	3,097,055.50
Oct 15, 2019	IBRD-80640	Loan Repay	4,260,000.00
Apr 15, 2019	IBRD-80640	Int Charges	3,151,848.80
Apr 15, 2019	IBRD-80640	Loan Repay	4,260,000.00
Oct 15, 2018	IBRD-80640	Loan Repay	3,066,073.50
Oct 15, 2018	IBRD-80640	Int Charges	3,066,073.50
Oct 15, 2018	IBRD-80640	Loan Repay	1,193,926.50
Apr 15, 2018	IBRD-80640	Int Charges	10,166.67
Apr 15, 2018	IBRD-80640	Int Charges	2,167,168.00
Apr 15, 2018	IBRD-80640	Loan Repay	2,082,665.20
Apr 15, 2018	IBRD-80640	Loan Repay	2,177,334.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2017-03-31
Monitoring and Evaluation	Satisfactory	2017-03-31
Overall Implementation Progress (IP)	Satisfactory	2017-03-31
Project Management	Satisfactory	2017-03-31
Procurement	Satisfactory	2017-03-31
Financial Management	Satisfactory	2017-03-31

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 09-28-2017
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Highly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 03-20-2018	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Negligible	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Highly Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Volume of EE sub-loans Value 0.00 200000000.00 200000000.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment
Number of participating banks (PBs) Value 0.00 1.00 2.00
Date December 15, 2010 February 16, 2017 March 31, 2017
Comment
Extent of energy savings (toe) Value 0.00 602200.00 600000.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment
Projected lifetime fuel savings Value 0.00 252114432.60 251208000.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

The Borrower's loan committments Value 0.00 100.00 100.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment
Extent of energy savings, gas (tcm) Value 0.00 179000.00 160000.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment
The Borrower's loan disbursements Value 0.00 100.00 100.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment
Extent of energy savings, electricity (GWh) Value 0.00 174.00 120.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment
Number of Municipal Energy Efficiency Subproject Value 0.00 5.00 5.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment
Number of ESCO subprojects Value 0.00 4.00 2.00
Date December 15, 2010 March 16, 2017 March 31, 2017
Comment

Volume of EE sub-loans	Value	0.00	200000000.00	200000000.00
	Date	December 15, 2010	March 16, 2017	March 31, 2017
	Comment

Number of participating banks (PBs)	Value	0.00	1.00	2.00
	Date	December 15, 2010	February 16, 2017	March 31, 2017
	Comment

Extent of energy savings (toe)	Value	0.00	602200.00	600000.00
	Date	December 15, 2010	March 16, 2017	March 31, 2017
	Comment

Projected lifetime fuel savings	Value	0.00	252114432.60	251208000.00
	Date	December 15, 2010	March 16, 2017	March 31, 2017
	Comment

The Borrower's loan committments	Value	0.00	100.00	100.00
	Date	December 15, 2010	March 16, 2017	March 31, 2017
	Comment

Extent of energy savings, gas (tcm)	Value	0.00	179000.00	160000.00
	Date	December 15, 2010	March 16, 2017	March 31, 2017
	Comment

The Borrower's loan disbursements	Value	0.00	100.00	100.00
	Date	December 15, 2010	March 16, 2017	March 31, 2017
	Comment

Number of ESCO subprojects	Value	0.00	4.00	2.00
	Date	December 15, 2010	March 16, 2017	March 31, 2017
	Comment