Ukrenergo seeks up to a $200M loan from the EBRD to pay its debts to RES producers.

According to the chairman of the Ukrainian Renewable Energy Association board, Stanislav Ignatyev, there are debts between state-owned energy enterprises. In particular, the system operator Ukrenergo has obligations to the state-owned enterprise Guaranteed Buyer, which finances the preferential electricity tariff for the population.

Ukrenergo is trying to satisfy these debts with up to $1B in loans and grants from Ukraine’s partners. Now, the company is actively working with the EBRD to secure a $150-200M loan to cover its debt to the Guaranteed Buyer. According to official data, Ukrenergo owes ₴29.6B to the Guaranteed Buyer for the payment of services to increase the share of green energy in Ukraine.

At the same time, the company calls on the energy regulator to establish a deficit-free tariff for the company’s transmission of electricity so that it does not accumulate new debt and is able to service its loans. Due to the tariff’s insufficiency, the company suffered more than ₴49B in tariff losses in 2019-2022.