Naftogaz Group, EBRD discuss possibility of project financing

Naftogaz Group, EBRD discuss possibility of project financing

Naftogaz Group Board Chairman & CEO Oleksiy Chernyshov and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso have discussed the possibility of attracting financing for the Group’s projects.

The relevant statement was made by Naftogaz Group’s press service, an Ukrinform correspondent reports.

“We have a good and productive history of cooperation with the Bank, and we strive to expand it to the new projects. This will not only help Ukraine to become more resilient in the wartime conditions, but will also be beneficial for all participants in this process,” Chernyshov noted.

In particular, the parties discussed the EBRD’s potential involvement in providing financing for two wind energy projects, which Naftogaz Group is planning to build in the Odesa and Mykolaiv regions.

Chernyshov also pointed out the importance of the EBRD’s credit facility for creating strategic gas stocks in order to back up Ukraine’s energy system if the need arises.

A reminder that, with the support of the European Bank for Reconstruction and Development (EBRD), Ukrnafta PJSC is planning to build the shunting gas generation.

The EBRD will allocate EUR 300 million for Ukraine to ensure stable and uninterrupted electricity supplies across the country.

Photo: Naftogaz

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