openPR Logo
Press release

IFC funds development of biogas technologies in Ukraine

04-01-2010 12:10 PM CET | Energy & Environment

Press release from: ZORG UKRAINE Ltd.

/ PR Agency: Stolnitsky Ideas
IFC plans to provide $150 mln. for development of biogas technologies in Ukraine. Yet, experts anticipate the forecoming difficulties in regards to proper usage of the funds.

According to "Interfax-Ukraine," International Financial Corporation (IFC) made a decision to invest $150 mln. in the program for development of higher level of energy-efficiency within agricultural and industrial sectors of Ukrainian economy. As Elena Voloshyna, the head of Ukrainian department of IFC stated, development of new technologies for production of biogas serves as the major focus of the program.

Nevertheless, Igor Aksyutov, CEO of Ukrainian engineering company "ZORG" has doubts about the future proper usage of the funds:

“The program itself and its goals are excellent, however very few companies will actually respond to the subsidized loan program. Once again, funds for development of biogas technologies won’t be used for the goals set by the program. Investors involved in the program are interested in working with trustworthy business partners, funding biogas project with budgets over $ 10 mln. Thus, the program targets a few large commercial agricultural holding companies in Ukraine, who already have an access to international financial market.

One way to make the program effective is to introduce guarantors for companies that are considered less trustworthy by IFC. Insurance companies or a governmental mortgage fund created for the occasion could function as guarantors in the following case.”

About ZORG:

ZORG executes full range of engineering services within biogas industry. The company designs and builds biogas plants under German state-of-art technology and know-how license.

ZORG works on a global scale: company’s projects have been successfully implemented in Kazakhstan, Ukraine, Latvia, and Turkey.

Adress: 172, Gorkogo str., Kiev, 03680, Ukraine
Tel/fax +38 (044) 5212951
Tel/fax +38 (044) 5212952
Tel/fax +38 (044) 5212953

Aleksandra Kharchyshyna
Stolnitsky Ideas
Phone: +38 066 28 56 941

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release IFC funds development of biogas technologies in Ukraine here

News-ID: 125685 • Views:

More Releases from ZORG UKRAINE Ltd.

Biogas plant will run on silo in Zhytomyrsky region, Ukraine
Biogas plant will run on silo in Zhytomyrsky region, Ukraine
“Zorg Biogas Ukraine” has started the development of an engineering project of a biogas plant. The plant will be allocated in Zhytomyrsky region, Ukraine. As planned, the construction works will be held from spring till fall of 2011. The electric capacity of the biogas plant will reach 1063 kilowatts. The plant will process 60 tons/day of corn and grass silo, provided by local agricultural businesses. Biogas plant is being built by
Biogas plant in Moldova becomes an industrial park
Biogas plant in Moldova becomes an industrial park
On Monday government of Moldova has opened an industrial park in Tzargrad, Drokievsky region on a construction site of a biogas plant owned by Bioenergoagro. Ukrainian subsidiary of ZORG, ZORG Biogas Ukraine is participating in project's construction works. Valeriu Lazer, minister of economics of Moldova is convinced, the project of biogas plant strengthens country's independence from import of fossil fuels and improves the level of national energy security. As planned, construction works
Biogas attracts investors in Ukraine
In course of 2010 in Ukraine the development rate of alternative energy industry has significantly increased due to investments from NAER, credits provided by IFC and EBRD, ratification of an agreement between Ukraine and NEFCO and, finally, the adoption of law “About the green tariff.” Yet, Darya Revina, the head of Committee on ecological investments, alternative and renewable energy sources ICC Ukraine and Council of entrepreneurs within the Cabinet of
ZORG Ukraine is using steel tanks in construction of biogas plants
ZORG Ukraine is using steel tanks in construction of biogas plants
ZORG is using more convenient enameled steel tanks in construction of biogas plants, making no changes to the overall price of its construction projects. Although steel tanks are more expensive than widely used concrete tanks, the company has been able to provide an advantage to its clients due to implementation of new production technologies. Major advantages provided by enameled steel tanks, as in contrast to concrete tanks: -

All 5 Releases

More Releases for IFC

Valour Consultancy's Latest IFC Report Projects Commercial Aviation IFC Installe …
London. A new report from Valour Consultancy, an award-winning provider of market intelligence services, foresees the number of aircraft installed with in-flight connectivity (IFC) doubling from 9,026 at the end of 2020 to approximately 18,500 in 2029. These figures factor in the full impact of COVID-19, including the cancellation of retrofit projects and delayed deliveries of new aircraft. The report, “The Future of In-Flight Connectivity - 2020 Edition,” predicts that over
Fintech Investment Market Emerging Technological Advancement, Future Scope and B …
FinTech is a service based on financial applications. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech start-up companies provide convenient solutions that are operable through hand-held portable devices directly to the customer through licensing, or white label them to existing financial service providers. Fintech Investment Market report provides in-depth statistics and analysis available on the market status of the
(2020-2026) Cellulose Powder Market Share, Size, Trends and Growth | JRS, CFF, I …
Los Angeles, United State-The report titled Global Cellulose Powder Market is one of the most comprehensive and important additions to QY Research's archive of market research studies. It offers detailed research and analysis of key aspects of the global Cellulose Powder market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global Cellulose
Global Composite Springs Market 2018-2025 MW Industries, Liteflex LLC, IFC Compo …
Market study on Global Composite Springs Market 2018 Research Report presents a professional and complete analysis of Global Composite Springs Market on the current market situation. Report provides a general overview of the Composite Springs industry 2018 including definitions, classifications, Composite Springs market analysis, a wide range of applications and Composite Springs industry chain structure. The 2018's report on Composite Springs industry offers the global Composite Springs development history,
STL, IFC Files Processing Support & Rendering to Images or PDF Formats using Jav …
What's New in this Release? Aspose team is pleased to announce the new release of Aspose.CAD for Java 17.9.0. This is primarily a maintaannce release whereby we have resovled certain issues incurring in API along with support for STL and IFC file formats. This release has improved the API rendering by introducing the support for STL and IFC file formats processing. Now, you can render these formats to images or PDF
FRA: IFC Investment will Establish Sustainable Approach in Indonesian
The International Finance Corporation’s (IFC) country manager for Indonesia, Adam Sack, has spoken about plans to invest some US$500 million in the coming financial year into various projects, including sustainable forestry programs. Seattle, WA, August 13, 2011 -- The International Finance Corporation’s (IFC) country manager for Indonesia, Adam Sack, has spoken about plans to invest some US$500 million in the coming financial year into various projects, including sustainable forestry programs. Forestry Research