US DFC approves €85 million loan to Ukraine’s DTEK
The loan will refinance Ukrainian bank debt and fund more battery storage as DTEK seeks to strengthen the grid against repeated attacks.
- On Wednesday, the International Development Finance Corporation approved an €85 million loan to DTEK, Ukraine's largest private energy company, marking the DFC's largest wartime transaction in the energy sector.
- DTEK sought American products to avoid Chinese components, creating an opportunity to partner with the DFC and align with the agency's mission to provide alternatives to malign influence.
- Constructed in partnership with U.S.-based Fluence, the battery storage systems stabilize the grid in Kyiv and Dnipropetrovsk, reducing blackout risks for 600,000 Ukrainian households.
- DTEK CEO Maxim Timchenko called the loan a signal that the DFC is ready to support Ukraine, saying the deal demonstrates manageable risk to potential investors.
- As Russia continues to target energy facilities, DTEK prepares for the coming winter by restoring 4 gigawatts of power generation by the heating season.
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ТСН.uaThe US International Development Finance Corporation (DFC) has approved a loan for Rinat Akhmetov's DTEK company to finance a project to build 200 MW and 400 MWh energy storage systems.
The American DFC approved a loan of 85 million euros for DTEC for the expansion of battery energy storage systems in Ukraine.
US makes major wartime bet on Ukraine’s largest private energy company with $85 million investment
Ukraine’s biggest private energy firm, DTEK, has secured an $85 million loan from the U.S. International Development Finance Corporation for a critical battery storage project, marking the DFC’s largest wartime transaction, DTEK announced on Sept. 16. With Russia continuing to target Ukraine’s energy facilities, particularly power plants, ensuring a reliable energy supply has become a major concern in Ukraine. During the war, Ukraine has increas…
The American International Development Finance Corporation (DFC) has approved a loan of 85 million euros for Ukraine's DTEK. The funds will be directed to the expansion of electricity storage systems.
The American International Development Finance Corporation (DFC) has approved financing of two Ukrainian projects totaling up to $535 million. We are talking about the development of DTEK electricity storage systems and the modernization of the Vodafone Ukraine network.
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