Energy

Ukrenergo is looking for EBRD financing for urgent repairs.

Friday, November 4, 2022
Ukrenergo is looking for EBRD financing for urgent repairs.

Ukrenergo, the Ukrainian grid operator, has asked the European Bank for Reconstruction and Development (EBRD) to provide financing for emergency repairs of equipment damaged by Russian air strikes over the past month, the lender said by email. Ukraine needs to purchase transformers and equipment to restore its high voltage transmission grid, some 40% of which has sustained damage from weeks of Kremlin missile and drone attacks.

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