• 11/29/2024

Ukraine’s energy company signs €15 million grant agreement with German bank for substations

Pravda Ukraine

The Ukrainian National Energy Company Ukrenergo has signed a grant agreement for the amount of €15 million with the German state bank of development KfW.

Source: Volodymyr Kudrytskyi, the head of Ukrenergo, on Facebook

Quote: “These are the funds of the EU transferred to us through KfW. They will be spent on the procurement of critical equipment and the restoration of high-voltage substations after Russian terrorist attacks.”

Kudrytskyi added that over the last two days Ukrenergo had received €45.4 million of international support for rebuilding the power system after Russian attacks and strengthening its resistibility.

Background: 

  • On 11 June the Ukraine Recovery Conference (URC2024) started in Berlin.
  • Earlier Ukrenergo signed a loan agreement with a German state bank KfW for the amount of €30.4 million.

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https://www.pravda.com.ua/eng/news/2024/06/11/7460286/