News

Major development steps taken by NEFCO in 2017

In 2017, NEFCO took some major steps that will provide a strong base for the coming years. The amended NEFCO Agreement and statutes entered into force, opening up for investment activities on a global scale. In total, NEFCO approved 123 new projects worth EUR 50.8 million during 2017.

Renewable fuels to be used in district heating in Ukraine

NEFCO and the municipal district heating company Teploenergo in the city of Horishni Plavni in Central Ukraine have today signed a loan agreement aimed at modernising and upgrading the city’s district heating system. The total investment for the project is EUR 8.25 million and it will be financed by NEFCO, E5P, Teploenergo and Sweden.

First solar energy investment in Ukraine

NEFCO and the Ukrainian company Energopark Yavoriv LLC have signed an equity agreement for the construction of a 36 MWp solar plant in the Lviv region in Western Ukraine. It is NEFCO’s first solar project to be implemented in Ukraine, and it will invest EUR 2.5 million in the project.