Centrenergo plans to take a loan of UAH 1.3 billion for the purchase of coal

Acting CEO of Centrenergo Oleksandr Korchynskyi announced plans to raise UAH 1.3 billion of loan funds from state banks for the purchase of fuel, Economichna Pravda reports.

“We really want to get a loan. We calculated that about UAH 1.3 billion are needed to spend on fuel. Half is our monthly expenses, the second half is our monthly supply. We turned to Oschadbank and Ukrgasbank, provided them with all the documents, we will send letters to the Cabinet of Ministers and the State Property Fund with a request to support,” he said.

According to him, the company is currently experiencing a shortage of working capital. This is due to the debt of Energorynok SE in the amount of UAH 1.4 billion to the company for the supplied electricity.

Recall that Oleksandr Korchynskyi said that Centrenergo was not satisfied with the option of prepayment for coal in the case of an agreement with DTEK.

Tags: The Cabinet of Ministers, DTEK, hydrocarbon production, coal mining, legislation, electricity, NEURC, Top management, coal, electricity market, Centrenergo, debt, coal mining, investments, power system balance, electricity transmission, population, generation, crisis, Buslavets, The Ministry of Energy, electricity consumption, supplier

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