EBRD allocated 10 million euros grant to Ukrenergo.

EBRD allocated 10 million euros grant to Ukrenergo

The European Bank for Reconstruction and Development (EBRD) provided a grant of 10 million euros to the company Ukrenergo to support its liquidity.

"NEC "Ukrenergo" received a 10 million euros grant from the EBRD. The funds will be used to cover the company's critically important operational expenses and ensure its liquidity. The agreement was signed by the acting Chairman of the Board of the company Oleksii Brekht and Director of Energy Department in Europe EBRD Grzegorz Zielinski", - stated representatives of Ukrenergo.

It is noted that the EBRD provides significant support to the company even in difficult wartime. Previously provided grants and loans were used for restoring the transmission system network and purchasing expensive equipment, particularly autotransformers.

Meanwhile, the EBRD also finances works on equipping passive protection at important substations of Ukrenergo.