The funds were received in March 2025 to provide emergency liquidity support to the сompany. This first 50 million of the total 200 million will provide financial support to Ukrhydroenergo and strengthen the сompany's financial stability under martial law.
"We sincerely thank the Government of Italy and the European Bank for Reconstruction and Development for their fruitful cooperation in supporting the company's liquidity and facilitating the restoration of generating capacities," said Ihor Syrota, CEO of Ukrhydroenergo.
For information:
On February 17, 2024, a loan agreement totaling EUR 200 million was signed between Ukrhydroenergo, EBRD and the Government of Italy under the Emergency restoration of hydroelectric power plants project, and a Guarantee Agreement was signed between Ukraine, EBRD and the Government of Italy. The goal of the project is to restore Ukraine's energy infrastructure damaged by Russia's military aggression, which is critical for the stability of our power system and ensuring the country's energy security.
Photo from the signing of the Agreement, February 2024
