Ukrainian bank secures letter of credit for $13.5M biogas porject

In the Ukraine, in just a few days, the state UKRGASBANK processed and issued a documentary letter of credit to purchase biogas plant equipment from a Danish global manufacturer.

The equipment will be manufactured within a year and installed at a poultry factory in Ladyzhyn, Vinnytsia oblast. Using latest technologies, electricity and heat will be produced from chicken manure.

The letter of credit was supported by the EBRD under the Trade Facilitation Program (TFP) and a first-class European bank acting as confirming bank. The project totals EUR 12.7 million.