EBRD and United Kingdom join forces to back Ukrenergo
October 14, 2022

EBRD and United Kingdom join forces to back Ukrenergo


The European Bank for Reconstruction and Development (EBRD) is joining forces with the British government to back Ukraine’s electricity transmission company Ukrenergo, helping to keep the lights on and the economy going in Ukraine. 

The United Kingdom, an EBRD founding member, is providing a €54.4 million guarantee to support an EBRD loan to Ukrenergo. Earlier, the EBRD and Ukrainian authorities have agreed to repurpose the final €97.3 million of an existing loan to Ukrenergo. 

The war on Ukraine has triggered urgent liquidity needs, explains the EBRD press release. This risk-sharing support from the United Kingdom enables the EBRD to provide emergency finance to safeguard the stable functioning of the Ukrainian electricity grid, nuclear generators and renewable power plants, while maintaining power supply to industries and households. 

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Press release



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