EBRD may provide Ukrzaliznytsia with a loan for small gas generation.

The European Bank for Reconstruction and Development (EBRD) may provide 'Ukrzaliznytsia' with a loan of up to 180 million euros to finance the purchase and installation of equipment for small gas generation with a total capacity of up to 270 MW.

'In the current crisis conditions caused by the war in Ukraine, the emergency capital investment program, which includes the supply and installation of up to 270 MW of small generation capacity, will help the company address the issue of electricity shortages and ensure uninterrupted energy supply to the population and businesses,' the bank states, as reported by Economic Truth.

It has been clarified that the stations are planned to be located at certain existing UZ facilities throughout Ukraine, which will help solve the problem of electricity shortages and ensure uninterrupted energy supply.

According to the documents, the total cost of the project is estimated at 248 million euros.

Currently, the project has undergone final review, and its approval by the board of directors is expected on December 4 of this year.