๐ Tender Overview
Project ID: 56257
Status: Passed Final Review, Pending Approval
Location: Ukraine
Business Sector: Energy
Notice Type: State
Environmental Category: B
Approval Date: 17 Dec 2025
Disclosure date: 25 Nov 2025
Project Description
A long-term senior loan of up to EUR 75 million to PJSC "Ukrhydroenergo" (the "Company" or "UHE"). The loan is expected to be supplemented by up to EUR 20 million of investment grants from international donors, subject to availability. The loan and grants, if available, will finance the supply of critical equipment, including the emergency reserve stock of electrical equipment, for selected hydro power plants (HPPs) operated by UHE and the consultancy services for the purposes of project implementation (the "Project"). The Project is expected to benefit from a partial EU guarantee under its Ukraine Investment Framework.
Project Objectives
The implementation of the Project will enhance Ukraine's energy security by financing the replacement of the damaged and worn-out critical equipment within selected hydro power plants, leading to notable increase in their operational efficiency and green energy production volumes. Successful completion of the Project will result, inter alia, in production of c. 223 GWh of renewable energy per year, reducing Ukraine's reliance on electricity import and strengthening the energy system's ability to absorb high peak demand.
The Project will complement the Bank's other recent activities in the energy sector aimed at maintaining stable functioning of the Ukraine's energy system during the war as well as the Bank's existing engagements with UHE.
