US-Ukrainian Recovery Fund concludes first $30 mln minerals deal with BGV, invests in energy sector – media
The joint U.S.-Ukrainian Recovery Investment Fund has signed its first critical minerals agreement and approved four other projects, Conor Coleman, head of investments at the U.S.
The U.S.-Ukrainian Recovery Investment Fund has finalized its first $30 million mineral deal with BGV Group, marking the beginning of a $70 million portfolio focused on critical minerals and energy projects. Conor Coleman, head of investments at the U.S. International Development Finance Corporation (DFC), confirmed the partnership's focus on rare earth elements, uranium, beryllium, and zirconium, all of which are on the U.S. critical raw materials list.
Additionally, the fund is investing in Ukraine's energy sector, bolstering the country's electricity and heat generation capacity with a $100 million credit line for DTEK energy holding. This investment aims to deploy battery energy storage systems for backup power to up to 600,000 households for up to two hours, and to establish a network of local energy hubs through a combined heat and power generation platform.
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