Ukraine's Ukrenerho grid operator has secured 300 million euros ($315 million) in loans from the European Bank for Reconstruction and Development (EBRD) to restore power infrastructure damaged in Russian attacks and improve financial stability, the company said in a statement on December 1. Ukrenerho said 150 million euros of the loan and a 72 million euro grant from the Netherlands will be used for the purchase of equipment needed for the repairs. The remaining 150 million euros of EBRD funds will be allocated for the company's financial obligations in the electricity market, Ukrenerho said. To read the original story from Reuters, click here.
Ukrainian Power-Grid Operator Receives 300 Million Euro Loan From European Bank, 72 Million Euro Grant From Netherlands
Workers repair broken power lines damaged by shelling in Ukraine's Donetsk region on November 25.