Ukrenergo Transmission Network Emergency Restoration

repaying

The provision of up to EUR 300 million sovereign-guaranteed loan to the National Energy Company Ukrenergo ("Ukrenergo" or the "Company") aimed at restoring the Ukrainian power transmission grid that was severely damaged by Russian bombings. The loan consists of up to EUR 150 million for procurement of equipment to implement emergency repairs of Ukrainian power transmission system and up to EUR 150 million of capital structure support (the "Project"). The EBRD loan is supported by the donor "funded guarantee" of up to 50% provided by the United States through its contribution to the EBRD Crisis Response Special Fund (the "Crisis Fund"). Furthermore, the loan is also complemented by an investment grant of EUR 70.6 million provided by the Netherlands via the Crisis Fund. In addition to the financing package of EUR 370.6 million mentioned above, the Project will be complemented by an additional capital structure support loan of up to EUR 150 million to the Company together with donor-funded credit enhancement.