The Cabinet of Ministers of Ukraine has adopted a Resolution on the provision of a state guarantee to ensure the fulfillment of debt obligations on a loan raised by «NPC «Ukrenergo»
Yesterday, October 11, the Cabinet of Ministers of Ukraine promulgated Resolution № 1049 “On providing a state guarantee in 2021 for the obligations of the private joint-stock company” National Energy Company “Ukrenergo”.
The state guarantee to ensure the fulfillment of debt obligations under the loan of «NPC «Ukrenergo» will be provided by issuing and placing bonds on international stock markets in order to maintain its liquidity and stability.
The Resolution states: “To the Ministry of Energy together with the private joint-stock company“ National Energy Company “Ukrenergo” and the state enterprise “Guaranteed Buyer” to ensure the direction of funds on borrowings to repay debts incurred in accordance with the purchase and sale agreements of electricity at the “green” tariff, concluded by the state enterprise “Guaranteed Buyer” with electricity producers, which set the “green” tariff».
Resolution: https://www.kmu.gov.ua/npas/pro-nadannya-u-2021-roci-derzhavno-a1049
