Sorainen Belarus acted as Belarusian legal counsel to the European Bank for Reconstruction and Development in connection with extension of a EUR 10 million loan to PP Polesie JLLC, leading producer of children’s plastic toys in Belarus. PP Polesie is one of the major exporters of toys to Russia and is also actively expanding in the EU member-states including Germany, Italy and Spain.
The loan will further strengthen PP Polesie’s balance sheet and introduce energy efficient technologies. PP Polesie is the first Belarusian business supported by the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme. A grant available through FINTECC will help PP Polesie install, and put into operation by mid-2018, a 2.4 MWe combined cooling, heat and power plant (CCHP), also known as a trigeneration plant – an energy efficient technology that is new to the Belarusian manufacturing sector. Trigeneration will allow the company to efficiently generate electricity, heating and cooling power for the production cycle.
The implementation of the project is expected to result in electricity savings of around 3,000 MWh per year, gas savings of 24,100 MWh per year and CO2 savings of 7,500 tonnes per year.
The Sorainen team was led by partner Kiryl Apanasevich.