The EBRD will provide Ukrenergo with €372M to repair energy facilities.
Thursday, November 24, 2022

The EBRD will provide Ukrenergo with €372M to repair energy facilities.

 The European Bank for Reconstruction and Development (EBRD) has approved a financing package that will provide €372M to support Ukraine’s electricity transmission company, Ukrenergo, in making swift emergency repairs following damage caused by heavy aerial assaults on civilian power infrastructure. The EBRD condemns in the strongest possible way the unprovoked and unjustified Russian-led war on Ukraine, especially the strikes on civilian infrastructure. The EBRD will make a sovereign guaranteed loan of €300M, composed of two components. Up to €150M is for equipment procurement to implement emergency repairs to the Ukrainian power transmission system, and a further €150M consists of capital structure support. Separately, the part of the loan allocated for emergency repairs will be supplemented by a grant for up to €72M from the Netherlands. This will be blended into a single €372M package to support Ukrenergo’s immediate electrical transmission infrastructure restoration needs.

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