The E5P Fund is a multi-donor fund established in 2010 to invest in municipal projects that cut CO2 emissions and protect the environment across Eastern Europe. It provides investment grants to leverage loans from financial institutions for projects focused on energy efficiency, street lighting, public transport, and more. Over EUR 350 million has been contributed by the EU, Germany, Sweden, and other donors for projects in Ukraine, Armenia, Azerbaijan, Georgia, and Moldova. Examples include LED street lighting upgrades, building energy efficiency retrofits, and electric public transportation. The fund is governed by an Assembly of Contributors and managed by the EBRD.

1. E5P FUND OVERVIEW
June 2023

2.  Eastern Europe Energy Efficiency and Environment Partnership
What is E5P?
Multi-donor Fund Established in 2010 to operate in all the Eastern Partnership countries
Purpose of the
Fund
E5P Fund mainly INVESTMENT grants for municipal sector projects to
cut CO2 emissions and protect the environment
How it works
Donor contributions are used as grants to leverage loans for investment
projects from the participating financial institutions (CEB, EBRD, EIB,
NEFCO)

3. 3
Contributor Total Ukraine Armenia Azerbaijan Belarus Georgia Moldova
1 European Union 94,450,000 40,000,000 10,200,000 5,100,000 10,200,000 10,200,000 18,750,000
EU Single Donor AC 50,460,000 30,060,000 10,200,000 10,200,000
2 Armenia 1,000,000 1,000,000
3 Azerbaijan 1,792,757 1,792,757
4 Belarus 1,000,000 1,000,000
5 Czech Republic 200,000 50,000 100,000 50,000
6 Denmark 6,514,708 5,238,428 201,518 537,381 537,381
7 Estonia 570,000 160,000 60,000 150,000 200,000
8 Finland 10,100,000 6,700,000 800,000 800,000 200,000 800,000 800,000
9 Georgia 3,000,000 3,000,000
10 Germany 51,000,000 31,000,000 4,000,000 1,000,000 1,000,000 4,000,000 10,000,000
11 Iceland 56,842 56,842
12 Ireland 20,532 20,532
13 Latvia 85,000 85,000
14 Lithuania 134,322 28,962 35,120 35,120 35,120
15 Moldova 1,000,000 1,000,000
16 Norway 19,774,799 10,766,130 1,775,371 470,796 4,044,955 2,717,547
17 Poland 1,474,933 915,106 136,609 150,000 136,609 136,609
18 Romania 100,000 100,000
19 Slovak Republic 600,000 200,000 100,000 100,000 100,000 100,000
20 Sweden 75,441,635 53,073,888 7,481,715 1,000,000 8,426,660 5,459,372
21 Switzerland 6,135,897 6,135,897
22 TaiwanBusiness 265,441 132,726 132,715
23 Turkey 600,000 600,000
24 Ukraine 20,000,000 20,000,000
25 USA 6,257,394 5,937,467 319,927
Total 352,034,260 210,378,252 25,913,059 9,863,554 13,610,000 42,183,367 50,086,029
PLEDGED FUNDS (EUR)

4. Germany
EUR 51m
European Union
EUR 145m
Sweden
EUR 75m
Ukraine
€20m
Total contributions to E5P:
EUR 352 million
Norway
€20m
Denmark
€6.5m
USA
€6m
€6m
* Other Contributions below €1m include funds from Czech
Republic, Estonia,Iceland,Ireland,Latvia, Lithuania,Romania,
Slovak Republic, TaiwanBusiness and Turkey
PLEDGED FUNDS
Switzerland
Finland
€10m
€3m
Georgia
€1.8m
Azerbaijan
€1.5m
Poland
€1m
€1m
Armenia
Belarus
€1m
Moldova
COUNTRY Contributions (MEUR)
Ukraine 210
Armenia 26
Azerbaijan 10
Belarus 14
Georgia 42
Moldova 50
TOTAL 352

5. How does it work?
 E5P provides investment grants within seven investment sectors:
Energy
efficiency
and savings
Street
lighting
Public
transport
 E5P grants need to be combined with loans from EBRD, EIB, Nefco or CEB

6.  Assembly of Contributors is the
main governing body
 Steering Group consisting of IFIs
prepares projects as
recommendations for funding to the
Assembly
 Fund governed by own Rules of the
Fund
 EBRD acts as Fund Manager
 E5P Secretariats based in EBRD
E5P Governance Structure
E5P Assembly of Contributors

7. 7
Solid waste management (Lviv)
8 district heating projects
12 EE projects in public buildings
Water/wastewater treatment in Mykolaiv
2 public transport (CNG/electric)
E5P projects in Ukraine

8. E5P Ukraine: Mykolayiv Emergency Water Supply Repairs
 EBRD Loan: EUR 10.0 m
 E5P Grant: EUR 5.0 m
 Denmark Grant: EUR 5.0 m
 Local Contribution: EUR 1.0 m
 Technical Assistance: EUR 0.7 m
 TOTAL: EUR 21.7 m
E5P grant will cover EE investments such as pumping
equipment used for water intake, which is expected
to result in ca. 20% reduction in energy consumption.
The Project will finance: (i) reconstruction of water
intake (new pumping equipment and rotating
screens); (ii) water treatment and purification, and
(iii) water and wastewater network rehabilitation of
the selected critical sections.

9. 9
Solid waste projects
1 energyefficiencyproject by
EIB
1 transport project by EBRD
E5P projects in Armenia
Street lighting modernization
Energy Efficiency modernisation of public buildings
Green public transport

10. 10
3 projectsfor public buildings(mainlyschools) in Tbilisi, regionsand remote mountainousvillages
2 public transport projects:CNG buses in Tbilisi and electric buses in Batumi
E5P projects in Georgia

11. E5P Fund in Azerbaijan: Ganja Street Lighting (EBRD)
Summary of the project:
• Upgrade to more efficient and durable LED luminaries
• Replacement of cables and installation of new control systems
Status:
• E5P Grant and EBRD signedin September 2022
• Procurement planned for Q4 2023
• Expected completion Q1 2025
11
EBRD Loan EUR 11.88 million
E5P Grant EUR 2.5 million
TA funds EUR 0.93 million
Total cost EUR 15.31 million
Financial plan:

12. VISIBILITY
Site visits to projects & inauguration events
Signing ceremonies

13. E5P contact details:
Mr Alexis Franke
Associate Director
Ms Ewa Manik
Associate Director
Ms Kateryna Stasiuk
Principal Manager
Ms Leyla Babayeva
Analyst
E5P Secretariat
EBRD
5 Bank Street
London E14 5BG
UK
www.e5p.eu