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The project’s objectives are to: (a) reduce emissions of greenhouse gases which are a byproduct of Ukraine’s mining sector; (b) increase resource recovery and promote the commercial extraction of coalbed methane; and (c) help increase the productivity and safety of Ukraine’s underground coal mines. The project has two components; the Mining component will undertake underground extraction of methane; and the second component will support the creation of a coalbed methane company which will carry out field tests to verify the commercial potential of surface gas extraction.
Financial mechanism
GEF
Status
Cancelled
Countries
Managing organisations
CBM Unit
Ministry of Economy
Implementing organisations
World Bank
Project ID
450
GEF project type
Full size
GEF project phase
GEF - 1
GEF Cofinancing
$11.200.000
GEF project grant
$6.000.000
Executing Agencies
CBM Unit, Ministry of Economy