The funds will be used to restore capacity and infrastructure development, as well as the development of new decentralized generation.
The European Bank for Reconstruction and Development (EBRD) will give Ukraine 300 million euros to repair energy facilities damaged by Russian attacks. The government portal reported this on Wednesday, June 5.
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It is indicated that the corresponding memorandum of understanding was signed by Prime Minister Denis Shmygal and EBRD President Odile Renaud-Basso.
“This support will help achieve our goal – to ensure stable and uninterrupted electricity supply throughout Ukraine,” said Shmyhal.
The funds will go to state energy companies Ukrenergo, Ukrhydroenergo And Ukrnafta for the restoration of building capacities and infrastructure, as well as the construction of new decentralized generation.
It is noted that since the beginning of the full-scale invasion of Russia, the EBRD has provided Ukraine with 4 billion euros in funding.
We remind you that on the morning of June 5 Ukrainergo reported mass loss. Electricity consumption limits apply to all regions of Ukraine during the day. To comply with these, closing schedules are used for all buyers.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.