Shmyhal meets with EBRD president: Energy companies need EUR 600M to stabilize balancing market
First Deputy Prime Minister and Energy Minister Denys Shmyhal and EBRD President Odile Renaud‑Basso met in Kyiv to discuss priorities for continued cooperation.
Ukrainian Energy Minister Mykola Shmyhal held a meeting with EBRD President Almazyan to discuss the financial needs of Ukraine's energy sector. The ministry reported that Shmyhal and the EBRD leader met to address the challenges facing the nation's power industry. Ukraine and the EBRD are collaborating on 13 energy projects spanning from gas production to renewable energy, with a combined portfolio surpassing EUR 3 billion.
The meeting's primary objective was to ensure the financial stability of Ukraine's power sector, with Shmyhal emphasizing the country's reliance on EBRD support for the reform. Shmyhal expressed gratitude for the EBRD's involvement, stating that they highly value their partnership and anticipate the bank's assistance. Additionally, the meeting facilitated discussions on further cooperation to secure additional funding for the restoration of the Chornobyl New Safe Confinement prior to the November donor conference in Paris.
Shmyhal reaffirmed the continued commitment to bolstering Ukraine's energy sector's resilience and paving the way for its recovery and modernization.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
