EBRD approves EUR 80 mln loan to Ukrnafta for construction of 100 MW of small gas-fired power generation

According to the bank's website, the loan will help solve the problem of electricity shortages and ensure uninterrupted power supply to households and businesses.
The total cost of the project will be EUR 103.8 million, and it will be co-financed by a parallel grant of up to EUR 22 million expected to be provided by the Netherlands, the United States and other donors through the EBRD's Crisis Response Special Fund, as well as a technical support grant of EUR 1.8 million from other international donors.
Ukrnafta is the largest oil company in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over the management of Glusco's assets and operates 547 filling stations – 462 of its own and 85 – under management.
The company is implementing a comprehensive programme to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta holds 92 special permits for commercial development of fields. The company has 1,832 oil and 154 gas production wells.
Ukrnafta's largest shareholder is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine approved a decision to transfer to the state a share of corporate rights of the company owned by private owners, which is currently managed by the Ministry of Defence.