Ukraine's largest private power producer DTEK said on Wednesday it plans to invest €450 million to expand its Tyligulska wind farm on the Black Sea coast, marking the largest private sector investment in Ukraine since the beginning of the Russian full-scale invasion.
The announcement was made after DTEK reached a financing agreement with lenders to buy 64 wind turbines from Vestas, with an aim to expand Tyligulska's capacity to 500 MW from 114 MW. Tyligulska currently has 19 installed turbines.
Dozens of banks in Ukraine have approved a combined 10 billion hryvnias ($240 million) in financing of energy solutions to help the country sustain the constant attacks on its grid since signing a voluntary accord on energy resilience months ago, a senior banker said. "The banks, maybe more than
Three high-power autotransformers, two funded by Japan and one by Sweden, have been delivered to Ukraine's state-run energy transmission system operator Ukrenergo, the United Nations Development Programme (UNDP) said on Tuesday.
The State Agency of Ukraine for the Management of the Exclusion Zone and the state-owned operator of Ukraine's nuclear power plants, Energoatom, are expected to soon sign a deal to start installing small modular reactors at Chernobyl Exclusion Zone, said the head of the agency, Hryhoriy Ishchenko.
France has pledged to provide €10 million for the International Chernobyl Cooperation Account, managed by the European Bank for Reconstruction and Development (EBRD), to help restore safety at the site.
Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support
Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance
The European Commission disbursed nearly €2.8 billion to Ukraine on Monday to help finance the state budget and maintain public services as the country continues to defend itself against Russia's invasion.
The governors of the European Bank for Reconstruction and Development (EBRD) reaffirmed Ukraine as the bank's top priority, pledging continued support for the country during the war and its future reconstruction, while also backing increased assistance for economies affected by conflict in the Middle East.
