Banks have issued ₴4B in loans to restore Ukraine’s energy infrastructure, but medium-sized businesses refuse to construct generation capacity and are preparing for downtime.

Since the beginning of June, banks have received 1,356 loan applications for energy infrastructure restoration projects totaling ₴40.1B. The NBU confirmed the approval of applications totaling ₴3.97B ($100M), of which recipients have already used ₴607M. The total financed capacity is 50.4 MW, primarily by constructing Solar Power Plants and gas-piston cogeneration plants.

The head of the National Bank of Ukraine, Andriy Pyshnyi, said that the financing program covers various categories for businesses and households, including projects for the construction of solar wind, and gas turbine power stations.

At the same time, according to Dmytro Malyar, the general director of D.Trading (DTEK), after calculating costs most medium-sized companies conclude that it is economically more feasible for them to cease operating in months with constant power outages than to build their own power generation facilities.