OREANDA-NEWS. July 19, 2013. The Nordic Environment Finance Corporation (NEFCO) and MEGABANK, PJSC have signed an agreement as for EUR 5mln. credit line for 5 years to implement a project of establishing a joint fund for financing energy efficiency measures for the Ukrainian agrarian sector.

Let us remind that the NEFCO is well-experienced in financing energy projects in Ukraine: it has over 120 Ukrainian projects in its investment portfolio. Recently a project on soil treatment technology modernization aimed at fuel saving has been added to the portfolio.

Reference. Headquartered in Finland (Helsinki) the Nordic Environment Finance Corporation (NEFCO) is an international financial organization and is found by agreement between Denmark, Finland, Iceland, Norway and Sweden.

MEGABANK was found in 1990, its shareholders are the European Bank for Reconstruction and Development (EBRD), the German State Bank (KfW) and the International Finance Corporation (IFC). MEGABANK cooperates with various international financial institutions through 14 long-term programs of 11 foreign partners for UAH 1.403 bln.