Connection

popular articles

Veolia Relies on Mistral AI’s AI to Optimize Its Industrial Plants
Saudi Arabia abandons hopes of $100 oil price
The CEO of Galp Energia resigns amidst controversy
France: Carrefour and GreenYellow launch solar project for 350 parking lots
Sharp rise in Australian carbon credits expected by 2025

EBRD finances Ukraine’s energy sector

The EBRD approved a financing package that will provide $372 million to assist the Ukrainian power transmission company, Ukrenergo.

Please share:

The EBRD approved a financing package that will provide $372 million to assist the Ukrainian power transmission company, Ukrenergo.

European funding

THE EBRD (European Bank for Reconstruction and Development) indicates that the aid will be used for emergency repairs. Thus, it will serve to maintain the stability of the country’s energy system as winter approaches. In addition, the bank condemns the strikes against civilian infrastructure.

The EBRD will provide a €300 million sovereign guaranteed loan with two components. Up to €150 million is intended for the purchase of equipment to carry out repairs on the Ukrainian electricity transmission system. An additional €150 million consists of support for the capital structure.

Emergency assistance

In addition, the Netherlands will supplement the EBRD’s emergency assistance up to €72 million. This additional assistance will be used to support the immediate restoration needs of Ukrenergo’s transmission infrastructure. Odile Renaud-Basso, EBRD’s president, says:

“Urgent repairs to the Ukrainian power grid are an immediate priority for EBRD. The people and businesses of Ukraine need continued access to electricity through the winter. With this important funding, we will help Ukrenergo make rapid emergency repairs to damaged equipment, high voltage substations and transmission lines. It will ensure the continued provision of vital electricity transmission services during the heating season for Ukrainian households, businesses and communities.”

EBRD has been involved in promoting economic transition in Ukraine for about 30 years. The bank’s assistance complements that of other international financial institutions. Funding is also directed to trade to maintain the flow of essential goods, food security and vital infrastructure.

A plan for the future

Until now, the EBRD provided more than 1 billion euros to Ukraine as part of emergency liquidity financing. The bank is committed to paying up to €3 billion over the period 2022-2023. The aim is to help Ukrainian businesses and the economy to continue to function.

Ukraine is one of the main beneficiaries of the EBRD. Its assistance is aimed at ensuring the country’s resilience in the context of conflict. Finally, these measures will be combined with a reconstruction plan when circumstances permit.

 

Register free of charge for uninterrupted access.

Publicite

Latest news

Washington imposes sanctions on Chinese refinery for processing Iranian oil
Nigerian minister’s diplomatic visit to Niamey: Economic cooperation and security in focus
Europeans excluded from nuclear negotiations between Iran and the United States
Rönesans Holding launches $2 billion polypropylene production plant in Turkey
A new power outage affects over one million homes in Puerto Rico

Recently published in

Nigerian minister’s diplomatic visit to Niamey: Economic cooperation and security in focus

Nigerian Foreign Minister Yusuf Maitama Tuggar met his Nigerien counterpart in Niamey on April 16, 2025, to discuss economic cooperation and security amidst ongoing political tensions and terrorist threats.
Europeans excluded from nuclear negotiations between Iran and the United States
As nuclear negotiations between Iran and the United States continue, European countries find themselves sidelined, despite their central role in the 2015 agreement.
en_1140290962540-9
Europeans excluded from nuclear negotiations between Iran and the United States
As nuclear negotiations between Iran and the United States continue, European countries find themselves sidelined, despite their central role in the 2015 agreement.
en_1140290962540-9
Time is running out for a nuclear deal, warns IAEA head in Tehran
The Director General of the International Atomic Energy Agency, Rafael Grossi, emphasised the urgency of reaching a deal on Iran's nuclear programme before crucial negotiations scheduled this weekend in Rome.
en_1140290945540-11
Time is running out for a nuclear deal, warns IAEA head in Tehran
The Director General of the International Atomic Energy Agency, Rafael Grossi, emphasised the urgency of reaching a deal on Iran's nuclear programme before crucial negotiations scheduled this weekend in Rome.
en_1140290945540-11
Greece establishes strategic map to regulate the exploitation of its maritime space
The Greek government formalises maritime zone planning to optimise resource exploitation, particularly in the energy sector, under European and international legal frameworks.
en_1140290965540-4
Greece establishes strategic map to regulate the exploitation of its maritime space
The Greek government formalises maritime zone planning to optimise resource exploitation, particularly in the energy sector, under European and international legal frameworks.
en_1140290965540-4

Kremlin maintains uncertainty over end of energy moratorium with Ukraine

Moscow refuses to specify the expiry date of the Russia-Ukraine energy strike moratorium, despite ongoing tensions and US diplomatic involvement.
Russia positions itself to facilitate a nuclear agreement between Iran and the United States
The Kremlin has confirmed its willingness to actively support a diplomatic resolution on Iran’s nuclear file, ahead of a new round of talks between Tehran and Washington scheduled for this Saturday.
en_1140290946540-10
Russia positions itself to facilitate a nuclear agreement between Iran and the United States
The Kremlin has confirmed its willingness to actively support a diplomatic resolution on Iran’s nuclear file, ahead of a new round of talks between Tehran and Washington scheduled for this Saturday.
en_1140290946540-10
Iranian foreign minister to meet Lavrov in Moscow ahead of Washington nuclear talks
Abbas Araghchi will meet Sergey Lavrov in Russia before resuming nuclear discussions with the United States, scheduled for 19 April in Muscat under Omani mediation.
en_1140290943540-10
Iranian foreign minister to meet Lavrov in Moscow ahead of Washington nuclear talks
Abbas Araghchi will meet Sergey Lavrov in Russia before resuming nuclear discussions with the United States, scheduled for 19 April in Muscat under Omani mediation.
en_1140290943540-10
Washington revokes Trinidad and Tobago’s licence for Venezuelan gas
The US decision halts Trinidad and Tobago’s gas ambitions tied to the offshore Dragon field, undermining agreements with Caracas and several major energy companies.
en_1140290945540-6
Washington revokes Trinidad and Tobago’s licence for Venezuelan gas
The US decision halts Trinidad and Tobago’s gas ambitions tied to the offshore Dragon field, undermining agreements with Caracas and several major energy companies.
en_1140290945540-6

Washington and Tehran Negotiate, Moscow Validates a Strategic Nuclear Pact

As Russia ratifies a 20-year civil nuclear agreement with Iran, the United States reopens indirect talks in Oman. Tehran demands the lifting of sanctions, while 275 kg of uranium enriched to 60% raises concerns.
Russia ratifies strategic 20-year energy agreement with Iran
Russia’s State Duma officially approves a major energy partnership with Iran, paving the way for enhanced cooperation in the oil, natural gas, and civil nuclear sectors, despite ongoing Western sanctions.
en_1140290973540
Russia ratifies strategic 20-year energy agreement with Iran
Russia’s State Duma officially approves a major energy partnership with Iran, paving the way for enhanced cooperation in the oil, natural gas, and civil nuclear sectors, despite ongoing Western sanctions.
en_1140290973540
Venezuela places its army on alert amid tensions with ExxonMobil in Guyana
The Venezuelan army says it will respond forcefully to any threat following allegations of a plot targeting ExxonMobil's infrastructure in contested waters off Guyana.
en_1140290961540-3
Venezuela places its army on alert amid tensions with ExxonMobil in Guyana
The Venezuelan army says it will respond forcefully to any threat following allegations of a plot targeting ExxonMobil's infrastructure in contested waters off Guyana.
en_1140290961540-3
Adani begins operations at Colombo West International Terminal
Adani, via its subsidiary Adani Ports and Special Economic Zone Ltd., has launched operations at the Colombo West International Terminal, strengthening the strategic role of Colombo Port in South Asia.
en_1140290952540-4
Adani begins operations at Colombo West International Terminal
Adani, via its subsidiary Adani Ports and Special Economic Zone Ltd., has launched operations at the Colombo West International Terminal, strengthening the strategic role of Colombo Port in South Asia.
en_1140290952540-4

Russia continues strikes on Ukrainian energy infrastructure

The French and British governments denounce ongoing Russian attacks on Ukrainian energy facilities, despite ceasefire discussions backed by the United States.
India strengthens energy and military presence in Sri Lanka amid growing Chinese influence
New Delhi signed new defence and energy agreements with Colombo, consolidating its strategic influence on the island as China continues expanding its investments.
en_1140290945540-3
India strengthens energy and military presence in Sri Lanka amid growing Chinese influence
New Delhi signed new defence and energy agreements with Colombo, consolidating its strategic influence on the island as China continues expanding its investments.
en_1140290945540-3
European Union strengthens energy alliance with Azerbaijan in Baku
European Commissioner Dan Jørgensen is in Baku to reaffirm energy cooperation with Azerbaijan, focusing on the expansion of the gas corridor and regional green energy projects.
en_1140291015540
European Union strengthens energy alliance with Azerbaijan in Baku
European Commissioner Dan Jørgensen is in Baku to reaffirm energy cooperation with Azerbaijan, focusing on the expansion of the gas corridor and regional green energy projects.
en_1140291015540
Berlin rules out any restart of Nord Stream 2 pipeline despite Russian speculation
German Foreign Minister Annalena Baerbock ruled out any possibility of reactivating the Nord Stream 2 pipeline, shut down since 2022, despite discussions mentioned by Russia and growing pressure on energy supply.
en_1140290955540-2
Berlin rules out any restart of Nord Stream 2 pipeline despite Russian speculation
German Foreign Minister Annalena Baerbock ruled out any possibility of reactivating the Nord Stream 2 pipeline, shut down since 2022, despite discussions mentioned by Russia and growing pressure on energy supply.
en_1140290955540-2

Washington targets independent Chinese refinery to restrict Iranian oil exports

The United States has sanctioned a Chinese refinery processing Iranian crude, increasing pressure on Tehran and raising concerns over global oil market stability.
Washington ends oil licences in Venezuela to increase pressure on Maduro
The United States has cancelled oil operation authorisations in Venezuela for foreign companies, disrupting exports and reinforcing the country's economic isolation following Nicolás Maduro's contested re-election.
en_1140290952540
Washington ends oil licences in Venezuela to increase pressure on Maduro
The United States has cancelled oil operation authorisations in Venezuela for foreign companies, disrupting exports and reinforcing the country's economic isolation following Nicolás Maduro's contested re-election.
en_1140290952540
Algeria strengthens its African strategy with an electricity project in Burkina Faso
The Algerian energy group Sonelgaz is offering its technical expertise to Burkina Faso to strengthen its electrical infrastructure, illustrating Algeria's strategic intention to consolidate its presence in sub-Saharan Africa’s energy markets.
en_1140290956540-22
Algeria strengthens its African strategy with an electricity project in Burkina Faso
The Algerian energy group Sonelgaz is offering its technical expertise to Burkina Faso to strengthen its electrical infrastructure, illustrating Algeria's strategic intention to consolidate its presence in sub-Saharan Africa’s energy markets.
en_1140290956540-22
United States extends suspension of sanctions against NIS in Serbia
Washington again delays the enforcement of sanctions against NIS, the Serbian energy company controlled by Gazprom, extending the status quo until the end of April according to Serbian President Aleksandar Vucic.
en_1140290943540-7-2
United States extends suspension of sanctions against NIS in Serbia
Washington again delays the enforcement of sanctions against NIS, the Serbian energy company controlled by Gazprom, extending the status quo until the end of April according to Serbian President Aleksandar Vucic.
en_1140290943540-7-2

Ukraine and Russia halt strikes on energy infrastructure since 25 March

No attacks on energy installations have been reported since a partial agreement announced by the United States, marking a pause in hostilities targeting critical infrastructure.
Rubio warns Venezuela of U.S. retaliation in the event of aggression against Guyana
During a visit to Guyana, U.S. Secretary of State Marco Rubio announced that any Venezuelan attack on the territory or oil infrastructure of Guyana would trigger a military response, heightening regional tensions.
en_1140290944540-22
Rubio warns Venezuela of U.S. retaliation in the event of aggression against Guyana
During a visit to Guyana, U.S. Secretary of State Marco Rubio announced that any Venezuelan attack on the territory or oil infrastructure of Guyana would trigger a military response, heightening regional tensions.
en_1140290944540-22
Rubio tours the Caribbean to counter Venezuela’s energy influence
US Secretary of State Marco Rubio launches meetings with Caribbean leaders to discuss energy security, trade pressures and regional instability, including in Haiti and Guyana.
en_1140290946540-19
Rubio tours the Caribbean to counter Venezuela’s energy influence
US Secretary of State Marco Rubio launches meetings with Caribbean leaders to discuss energy security, trade pressures and regional instability, including in Haiti and Guyana.
en_1140290946540-19
Hungary strengthens energy cooperation with Russia despite war in Ukraine
Hungary’s Foreign Minister travelled to Moscow for talks with Russian authorities on energy security, reinforcing a strategic energy partnership already bolstered by record gas and oil deliveries in 2024.
en_1140290949540-19
Hungary strengthens energy cooperation with Russia despite war in Ukraine
Hungary’s Foreign Minister travelled to Moscow for talks with Russian authorities on energy security, reinforcing a strategic energy partnership already bolstered by record gas and oil deliveries in 2024.
en_1140290949540-19

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS