Ukrenergo has received the first €50M from the EBRD to increase liquidity.
Friday, June 24, 2022

Ukrenergo has received the first €50M from the EBRD to increase liquidity.

State company Ukrenergo has received the first 50M from the European Bank for Reconstruction and Development (EBRD). It is provided under credit agreements to increase liquidity, and is planned to cover debts on the ancillary services market within the next two weeks, said the adviser to the Prime Minister of Ukraine, Yuriy Boyko. The company plans to spend them on debts arising in the ancillary services market, repaying them almost completely. Almost half of these funds will be transferred to Ukrhydroenergo, Kyivteploenerho, Kharkiv CHP-5, Energoatom, and DTEK, who are among the largest recipients of funds, Boyko said in an interview with Interfax-Ukraine.

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