On Monday, energy regulators decided on a 50:50 split on a $360 million loan from state banks to Ukrenergo
On Monday, energy regulators decided on a 50:50 split on a $360 million loan from state banks to Ukrenergo, the state power transmission operator. Coming from Ukreximbank, Oschadbank and Ukrgasbank, half of the money goes to pay overdue debts to renewable energy producers and half to Energoatom, the state nuclear power plant operator. For renewables, this $186 million only represents 23% of total overdue debt the government is legally committed to repaying by the end of this year. Since August, Ukrenergo’s tariffs almost doubled, allowing the company to stay almost current on new power purchases from solar and wind companies. However, Ukrenergo still faces repaying about $625 million in unpaid debt from 2020.