Ukrnafta to receive almost UAH 939 mln from Finnish-Ukrainian investment fund for 60 MW of gas-fired generation in western Ukraine – Shmyhal
The government has determined the mechanism and terms for providing Ukrnafta with almost UAH 939 million in financing from the Finnish-Ukrainian Investment Fund for four distributed generation projects with a total capacity of 60 MW in western Ukraine, First Deputy Prime Minister and Energy Minister Denys Shmyhal has said.
Ukrnafta is set to receive nearly UAH 939 million from the Finnish-Ukrainian Investment Fund to finance four distributed generation projects with a combined capacity of 60 MW in western Ukraine, according to First Deputy Prime Minister and Energy Minister Denys Shmyhal. The funding, derived from loan resources under the Framework Agreement between Ukraine and Finland, signed in November 2024, will enable Ukrnafta to build gas-piston power plants in the Ivano-Frankivsk and Lviv regions.
Shmyhal stated that the projects will add almost 60 MW of capacity to the power system, allowing the company to purchase power plants, auxiliary equipment, and complete installation, testing, and commissioning.
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