Bioenergy Association of Ukraine has signed a partnership agreement with OTP Bank. The subject of the agreement is cooperation in the field of energy efficiency, introduction of energy-efficient technologies and development of the necessary infrastructure.
The contract also provides development of the financing instruments for energy efficiency projects of Ukrainian enterprises. UABio grants all necessary information and analytical support in that instruments and OTP Bank implements special financing program for energy efficient technologies - "Energy Efficiency Program".
The "Energy Efficiency Program" foresees investment loans provided by OTP Bank to legal entities for the following purposes:
• purchase of new equipment / modification of existing equipment, the application of which will allow to reduce expenses of the company for one or another type of energy (electric power, gas, gasoline, heat, etc.);
• refinancing costs that the company has previously incurred in order to implement energy-saving technologies. The terms on which financing is provided are as balanced as possible and meet the needs of potential borrowers.
For more information about OTP Bank offers for corporate clients, please visit the bank's website.
Public Joint-Stock Company OTP BankPublic Joint-Stock Company OTP Bank is one of the largest bank, leader of the financial sector of Ukraine. The Bank provides a full range of financial services for corporate and private clients as well as for small and medium-sized businesses. It has been introduced at the Ukrainian market since 1998 and has a steady reputation for a socially responsible, reliable and stable structure offering consumers European quality services. OTP Bank is owned by OTP Bank Plc, the largest Hungarian bank.
In Ukraine, OTP Bank is a flagship of the OTP banking group, which is registered by the National Bank of Ukraine, which also includes LLC OTP Capital and OTP Leasing LLC.
The Public Association "Bioenergy Association of Ukraine" (UABio) was founded in 2013 and is a platform for cooperation on the bioenergy market of Ukraine. The purpose of the UAbio is to provide the most favorable business conditions and sustainable development of bioenergy. The UABio members are 22 leading companies and more than 20 recognized experts working in the field of bioenergy.
The Bioenergy Association of Ukraine conducts active legislative activity and is involved in the work of specialized committees of the Verkhovna Rada and working groups of specialized bodies of executive power. In addition, the UABio is well-known for active bioenergy education activities, including the UABio Position Papers, the annual international conference "Biomass for energy" and seminars, as well as informational posts about bioenergy on its own website, social networks, publications and interviews in the media.