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EBRD lends €80 million to Ukrnafta for 100 MW of power capacity

EBRD Managing Director for Ukraine and Moldova Arvid Tuerkner, Ukraine's Economy Minister Yulia Svyrydenko sign the Ukrnafta loan on Dec. 6 (Photo by EBRD)

The European Bank for Reconstruction and Development (EBRD) said it is providing a €80 million sovereign guaranteed loan to Ukraine's state-owned oil and gas firm Ukrnafta for the installation of 100 MW of energy capacity.

Specifically, the funding will be used to supply and install small-scale gas-fired distributed power and co-generation capacities across Ukraine.

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