The credit line will be divided into two tranches of 100 million euros each: one of which will be financed by the EBRD, the second through funds advanced by Italy.
The European Bank for Reconstruction and Development (EBRD) has approved a sovereign-guaranteed loan of up to €200 million for Ukrhydroenergo. This was announced today, January 29, in connection with the EBRD press service. European reality.
It is reported that the loan consists of two parts: up to 150 million euros for the supply of critical equipment for the Dnieper and Sredneprovskaya hydroelectric power stations and up to 50 million euros for emergency liquidity support Ukrhydroenergo.
It was also mentioned that the credit line will be divided into two tranches of 100 million euros each: one of them will be financed by the EBRD, the second – from the funds advanced by Italy.
“The project will strengthen Ukraine’s energy security by financing the replacement of 4 hydroelectric units at the Dnieper hydroelectric station, which were damaged as a result of long-term operation since 2003 and damage caused by rocket attacks,” the EBRD report.
The plant’s total production capacity is expected to increase by 16% following the replacement of hydro units, and the emergency liquidity support will help the company strengthen its financial position and operations, especially as utility obligations increase.
Earlier, the EBRD said Ukraine’s five-year post-war reconstruction period would require additional investment of nearly $50 billion per year. In particular, we are talking about the inflow of foreign capital.
Source: korrespondent
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