European Investment Bank finalizes agreement with Ukrhydroenergo.

The European Investment Bank is preparing to sign a project with 'Ukrhydroenergo' aimed at restoring and enhancing the operational resilience of the company's strategic facilities. This was reported by Kristina Mikulova, head of the bank's regional representation in Eastern Europe.

The European Investment Bank plays a crucial role in supporting Ukraine through the Ukraine Facility. In March 2025, an agreement was signed with the European Commission, allowing the bank to provide financing of at least 2 billion euros for the recovery and rebuilding of the country. This money will be used to restore critical infrastructure and services, including the energy sector, heating, water supply, and social infrastructure (schools, hospitals, kindergartens).

'One of the first and quick steps after signing the agreement was the first financing in the public sector for 300 million euros. This agreement was signed at the end of March in Brussels during a meeting of the Prime Minister of Ukraine Denys Shmyhal and the President of the European Investment Bank, Volodymyra Novoshadskyi. This project allocates 100 million euros for the restoration and modernization of heating and water supply systems, as well as for the reconstruction of key municipal social infrastructure across Ukraine... The next project is with 'Ukrhydroenergo'. It aims to restore and enhance the operational resilience of the company's strategic facilities in order to improve the reliability of Ukraine's energy system in the context of ongoing attacks,' Mikulova noted.

The European Investment Bank is preparing to sign a project with 'Ukrhydroenergo' aimed at restoring and enhancing the operational resilience of the company's strategic facilities. This was reported by Kristina Mikulova, head of the bank's regional representation in Eastern Europe. Ukraine received a guarantee agreement with the European Commission regarding the financing of the Ukrainian Program. The funds will be used to restore infrastructure and services in the energy sector, heating, water supply, and also in the field of social infrastructure.

By early April, financing in the public sector for 300 million euros was signed. These funds will be directed to the restoration and modernization of heating and water supply infrastructure, as well as to the reconstruction of municipal social infrastructure across Ukraine. The next step will be to sign a project with 'Ukrhydroenergo'. This project aims to restore and improve the operational resilience of the company's strategic facilities, which will enhance the reliability of Ukraine's energy system considering the ongoing attacks.