EBRD to direct EUR 97 million loan to support the sustainability of NPC Ukrenergo

The European Bank for Reconstruction and Development (EBRD) to direct EUR 97 million loan to support the sustainability of NPC Ukrenergo.

Directing the loan is aimed at financing critical operating expenses of NPC Ukrenergo and will help support the stability of the company’s work. The funds are provided as part of the EBRD Assistance Package in response to the war in Ukraine by repurposing the EBRD loan under the Power Transmission Modernization Project.

Credit of EUR 97.15 million is provided under the state guarantee and the guarantee of one of the G7 countries.

In June, NPC Ukrenergo already received EUR 50 million from the EBRD to support liquidity.

EBRD is one of the largest institutional investors in Ukraine. The total amount of financing allocated to Ukraine by the Bank as of August 2022 is EUR 17.6 billion within the framework of 516 projects.

In the public sector, there are 9 joint projects with the EBRD at the stage of implementation with a total amount of loans of EUR 1.76 billion (attracted by the state or under state guarantees).

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