fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

The state has confirmed the fulfillment of obligations regarding the green tariff

12/ 10/ 2021
  On October 11, the Cabinet of Ministers of Ukraine adopted Resolution № 1049 “On providing a state guarantee of obligations of the private joint-stock company National Power Company “Ukrenergo” in 2021”. The European Business Association welcomes the decision of the Government to fulfill its obligations under the Memorandum of Understanding on the settlement of the problematic situation in the industry of renewable energy in Ukraine, namely – to ensure the payment of debts of UAH 15.1 billion to RES producers accumulated in the period up to 01.08.2020. Thus, the Government supported the proposal of the Ministry of Energy to guarantee the fulfillment of obligations on loan repayments by the private joint-stock National Power Company “Ukrenergo”. Thus, the company is obliged to issue and place bonds on international stock markets to maintain its liquidity and sustainability. It is worth emphasizing the importance of paragraph 5 of this resolution according to which all obligations must be fulfilled including those of SE Guaranteed Buyer to repay debts incurred by contracts of sale of electricity at a green tariff concluded between the SE Guaranteed buyer with electricity producers subjected to a green tariff.   Be the first to learn about the latest EBA news with our Telegram-channel – EBAUkraine.

On October 11, the Cabinet of Ministers of Ukraine adopted Resolution № 1049 “On providing a state guarantee of obligations of the private joint-stock company National Power Company “Ukrenergo” in 2021”.

The European Business Association welcomes the decision of the Government to fulfill its obligations under the Memorandum of Understanding on the settlement of the problematic situation in the industry of renewable energy in Ukraine, namely – to ensure the payment of debts of UAH 15.1 billion to RES producers accumulated in the period up to 01.08.2020.

Thus, the Government supported the proposal of the Ministry of Energy to guarantee the fulfillment of obligations on loan repayments by the private joint-stock National Power Company “Ukrenergo”. Thus, the company is obliged to issue and place bonds on international stock markets to maintain its liquidity and sustainability.

It is worth emphasizing the importance of paragraph 5 of this resolution according to which all obligations must be fulfilled including those of SE “Guaranteed Buyer” to repay debts incurred by contracts of sale of electricity at a green tariff concluded between the SE “Guaranteed buyer” with electricity producers subjected to a green tariff.

 

Be the first to learn about the latest EBA news with our Telegram-channel EBAUkraine.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks
0 Shares

Spelling error report

The following text will be sent to our editors: