KYIV, March 15 – The Ukrainian paper producer Kokhavynska Paper Factory (KPF) will expand due to a EUR 13.8 million loan from the European Bank for Reconstruction and Development (EBRD), the press service of the EBRD reported on Monday.

KPF, one of the largest producers of paper in western Ukraine, was built in 1938 with assistance from Germany, Poland, and Sweden. It was privatized in 1990s.

The energy efficiency improvements will be supported with an incentive grant of $131,433 provided by the EBRD's Finance and Technology Transfer Centre for Climate Change (FINTECC) program, which is designed to transfer technology in the areas of climate change mitigation and adaptation.