Ukrenergo will be able to attract loans on favorable terms to balance the electricity market

The Ministry of Energy of Ukraine informs that NPC Ukrenergo has received state guarantees to attract loans from state banks, the EBRD, and other international financial organizations on favorable terms. The corresponding law was adopted today by the people's deputies.

It is noted that this will help raise the level of settlements in the electricity market, in particular, and ensure the implementation of the Memorandum with investors in renewable energy.

“Attraction of credit funds is one of the non-tariff instruments for resolving the situation on the electricity market, which allows avoiding a sharp one-step increase in the tariff for electricity transmission,” the message says.

As a reminder, the Cabinet of Ministers of Ukraine on June 10, 2020, signed a Memorandum of Understanding on the settlement of problematic issues in renewable energy. Today, payments for electricity from alternative sources for August and September are 100%.

Earlier it was reported that NEURC approved an increase in the tariff of Ukrenergo to transmit electricity.

Tags: The Cabinet of Ministers, contracts, renewable energy, EBRD, Ukrenergo, electricity market, debt, investors

Read also

German gas shortage may prevent exports to Europe
France says it can do without Russian supplies
749 settlements de-energized due to hostilities