The European Bank for Reconstruction and Development (EBRD) has agreed to provide a loan for the construction of two biogas plants in Belarus to support renewable power generation and a better energy mix in the country.
A loan of $11.3m will be provided to two special purpose companies established by the Lithuanian company Modus Group.
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With a total installed capacity of 3MW, the two biogas power plants will be able to generate 23.6GWh of clean energy annually.
The project will also support foreign investment in Belarus’ power sector and reduce CO2 emissions by 9,100 tonnes per year. The Japanese government has also agreed to provide technical assistance for the project.
EBRD tweeted: “We’re supporting #renewable power generation in #Belarus with the provision of a US$11.3 million loan for the construction of 2 biogas plants in the country. The plants will be able to generate 23.6 GWh of clean energy annually. #EBRDgreen.”
Renewable energy is estimated to make up just over 2.5% of Belarus’ energy mix, with 266MW installed out of its 10GW capacity. Around 89% of Belarus’ energy sector is controlled by state-owned company Belenergo, but the two biogas plants would be under private ownership.
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By GlobalDataEBRD has operated in Belarus since 1992 and has invested almost €2.4bn in 112 projects in the country.
With additional reporting by Jack Unwin.
