The European Bank for Reconstruction and Development (EBRD) is considering providing Kyiv with a loan of up to EUR 50 million to support the liquidity of the municipal utility “Kyivteploenergo” and ensure the uninterrupted provision of critical municipal services amid the war.
According to the bank’s materials, the project is scheduled to be approved on July 22, 2026.
The loan is intended to cover Kyivteploenergo’s critical liquidity needs, including operating and maintenance costs, as well as to offset temporary revenue losses and additional expenses caused by the war.
Due to war-related risks, the loan will be partially covered by a European Union (EU) guarantee for first-loss coverage under the Municipal, Infrastructure, and Industrial Resilience (MIIR) Program as part of the Investment Program for Ukraine (UIF).
The financing is intended to ensure uninterrupted heat supply to schools, kindergartens, hospitals, residential buildings, and businesses, as well as electricity generation for the city and the power grid.
The EBRD notes that the additional strain on Kyiv’s district heating system is linked, in particular, to the significant number of internally displaced persons.
The project is part of the EBRD’s “Resilience and Livelihoods” (RLF) program. It is also intended to support the development and expansion of municipal services for veterans and their families.
As previously reported, in June, Kyiv Mayor Vitali Klitschko stated that the Kyiv City Council must approve a EUR50 million EBRD loan for “Kyivteploenergo” to implement measures under the Capital’s Resilience Plan. He estimated the cost of Kyiv’s priority energy resilience measures at approximately 30 billion hryvnia.
