Energorynok borrows UAH 2bln from Oschadbank to repay debts

REUTERS

16:00, 30.11.2017

0 min. 77

Ukraine's wholesale electricity market operator, state-owned enterprise Energorynokhas attracted from Oschadbank a non-renewable credit line worth UAH 2 billion (US$73.4 million), the company said in the Prozorro electronic procurement system.

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The relevant agreement was signed on November 30.

The purpose of the line is to pay off the debt that was formed before September 1, 2017, before the power generating companies of thermal power plants.

The cost of line maintenance is about UAH 380 million ($13.9 million). The credit line is opened for 12 months.

Read alsoPM Groysman sure Ukraine to pass 2017-2018 heating season safelyAs UNIAN reported earlier, Energorynok attracts a number of loans from Oschadbank for advancing payments for electricity for thermal generation companies, as well as for CHPP operators. Combined heat and power plants receive such financing for repairs in their preparation for the heating season.

Ukraine energy loan Oschadbank Energorynok

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