A key financial agreement was signed between the European Investment Bank (EIB) and the Ukrainian state-owned energy company Ukrhydroenergo during the URC2025 international conference in Rome. According to the agreements, the bank will provide the first tranche of 120 million euros from the total financing package of 200 million euros. The funds will be used to restore and modernize hydroelectric power plants damaged by Russian attacks.

According to the press service of Ukrhydroenergo, the signed agreement is part of a long-term cooperation between the company and the EIB, which involves dividing the total loan into several tranches. These funds should become a support for Ukraine's energy stability in the face of military aggression and the destruction of energy infrastructure.

Part of the financing will be directed to the restoration of three hydroelectric power plants that have been significantly damaged by Russian terrorist attacks. The other part of the loan is intended for the implementation of emergency works in the event of new threats or damage to other Ukrhydroenergo facilities, which will allow for a prompt response to challenges and maintain continuity of energy supply.

Financial support was made possible thanks to a guarantee from the European Commission within the framework of the large-scale Ukraine Facility program - a new EU initiative with a total budget of 50 billion euros for 2024-2027. The program's goal is to provide stable financing for the reconstruction, modernization and development of Ukraine in the context of prolonged confrontation with Russian aggression.

EIB Vice-President Tereza Chervinska emphasized that these investments are aimed not only at the restoration of hydroelectric power plants, but also at providing millions of Ukrainians with stable, clean and reliable electricity. According to her, this is a contribution not only to energy security, but also to the well-being of the Ukrainian people and the sustainable development of the country as a whole.

This EIB tranche is an important stage in the process of energy reconstruction of Ukraine and increasing the resilience of its infrastructure. Ukrhydroenergo hopes that the provided financing will not only allow to restore lost capacity, but also to lay the foundation for the further development of hydropower in the face of new challenges.