Kiev. Ukraine. Ukraine Gate – January 7, 2021 – Economy
The national energy company Ukrenergo signed three loan agreements with the state-owned banks Ukreximbank, Oschadbank and JSB Ukrgasbank for UAH 10.25 billion to repay the debt to the Guaranteed Buyer State Enterprise, which was formed within eight months of 2020.
The head of the board of NEC Volodymyr Kudritskiy noted that these loans would allow to improve the situation with the implementation of the JI project in a short time, and, accordingly, to stabilize the financial position of Ukrenergo.
“After all, the main reason for the negative financial result of Ukrenergo in 2020 is the lack of funds for settlements with the Guaranteed Buyer. At the same time, loan payments by installments will allow to stretch the financial burden on market participants who pay transmission tariffs over time” he said.
