PJSC “Ukrnafta,” a member of the “Naftogaz” Group, signed a grant agreement at URC 2026 in Gdańsk (Poland) with the European Bank for Reconstruction and Development (EBRD) for 44.6 million euros to build 62 MW of distributed generation, according to Serhiy Koretskyi, chairman of the board of NAK “Naftogaz of Ukraine.”
“These funds will help accelerate the implementation of distributed generation projects to support the power grid amid Russian attacks on the energy sector. The €44.6 million grant will supplement the previously secured €80 million loan from the EBRD and allow us to carry out the planned work more quickly,” Koretsky wrote on Facebook on Friday.
He specified that the total capacity of the new generation facilities is 62 MW.
“This, in turn, will strengthen the power grid amid a shortage of generating capacity caused by Russian attacks on energy infrastructure. “I thank the EBRD leadership for their support and trust,” the Naftogaz CEO explained.
He also reported that at URC 2026, Naftogaz and the EBRD signed a memorandum on expanding cooperation in the areas of energy security, infrastructure restoration, and modernization.
According to him, during a meeting between Ukrainian Prime Minister Yulia Svyrydenko and EBRD President Odile Renaud-Basso, specific terms of cooperation were discussed in detail, including securing financial mechanisms for the purchase of imported gas for the upcoming heating season.
As previously reported, Naftogaz signed an agreement with the U.S. EXIM Bank during URC 2026 in Gdańsk, which provides for the possibility of securing up to $300 million to purchase American equipment for the purpose of restoring the oil and gas infrastructure destroyed by Russia.
As Koretsky explained, the next step is practical work with U.S. companies to implement a financial mechanism that will allow for direct lending to U.S. suppliers and contractors for the purchase of equipment by companies within the Naftogaz Group.
At URC 2026, the Naftogaz of Ukraine Group also reached an agreement with the International Finance Corporation (IFC) on cooperation to attract private investment to Ukraine.
In addition, agreements were signed with the Polish company ORLEN regarding the development of LNG supplies to Ukraine and the exchange of expertise in the areas of sustainable development, decarbonization, and ESG.
JSC “Ukrnafta”—Ukraine’s largest oil producer—operates the country’s largest national network of gas stations, UKRNAFTA. In 2024, the company came under the management of Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to restore operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of “Ukrnafta” is NJSC “Naftogaz of Ukraine,” with a 50% + 1 share stake.
In November 2022, the Council of the Supreme Commander-in-Chief of the Armed Forces of Ukraine adopted a decision to transfer to the state the portion of the company’s corporate rights that belonged to private owners; the company is now managed by the Ministry of Defense.
JSC “Ukrposhta” has completed the installation of 38 modular branches in 16 regions, including Kharkiv, Kherson, Zaporizhzhia, Sumy, Chernihiv, Mykolaiv, and Dnipropetrovsk regions, the company’s CEO, Ihor Smilianskyi, announced on Telegram.
According to a press release published by Ukrposhta, the project was implemented thanks to financial support from the European Bank for Reconstruction and Development (EBRD), which allocated EUR 600,000 in the form of an investment grant from the Special Crisis Response Fund.
“At these branches, local residents can receive pensions and social benefits, order medications through the ‘Ukrposhta.Apteka’ service, receive and send packages and letters, pay for utilities, and use financial services,” Smiliansky noted.
The CEO of the postal operator noted that out of the 40 modular branches installed, two were destroyed during the project’s implementation in the Sumy and Donetsk regions.
It is noted that, depending on the number of residents in the community, the company installed two types of modules. Specifically, there are 25 branches with an area of 22 square meters and another 13 with an area of 45 square meters.
These branches are equipped with ramps for people with limited mobility, autonomous heating systems, and the ability to connect to backup power sources to operate during blackouts.
Smilyansky also added that the number of modular branches will continue to grow in the future, funded entirely by Ukrposhta’s own resources.
In total, during the full-scale invasion, 49 of the company’s permanent branches were completely destroyed, and another 648 facilities were damaged.
Over the past month, “Ukrposhta” has also recorded damage to one branch almost every day.
“In recent weeks, we have once again seen how important it is to quickly resume operations. The enemy destroyed our logistics hub in Kharkiv, and after the attack on Kyiv, only a crater remained where the branch in Troyeshchyna used to be. Every day, other facilities come under fire,” the CEO of Ukrposhta is quoted as saying in the press release.
The European Bank for Reconstruction and Development (EBRD) plans to sign an agreement at URC 2026 to provide a long-term loan of up to 50 million euros to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC (Volyn Oblast) for the development and construction of a 189 MW wind farm in Ukraine.
“The total amount of debt financing is 191.3 million euros, provided by a consortium of five international development finance institutions: IFC, EBRD (up to 50 million euros), BSTDB, BI Ukraine Limited, and Swedfund International AB,” according to the project description in the EBRD’s indicative action plan for URC 2026 on Thursday.
It is noted that the project will receive a guarantee and funds for technical assistance under the European Union’s Ukraine Investment Framework Hi-Bar program.
The loan itself will be used to finance the purchase of wind turbines, construction of the power plant’s infrastructure, civil and electrical engineering works, as well as related infrastructure.
It is noted that the borrowers are controlled by VI.AN Holding, which is part of OKKO Group AG.
As previously reported, a few days earlier, the EBRD decided to provide a long-term loan of up to 50 million euros to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC for a 189 MW wind farm, while the IFC decided to provide a 42 million euro loan to these companies.
OKKO Group unites more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the “Galnaftogaz” concern, which operates one of Ukraine’s largest gas station chains under the “OKKO” brand, comprising approximately 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
On June 17, the European Bank for Reconstruction and Development (EBRD) approved a decision to provide a long-term loan of up to EUR50 million to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC, both majority-owned by VI.AN Holding, a member of the OKKO Group, to finance the construction and operation of a 189 MW wind farm in Ukraine.
According to the bank’s materials, the EBRD loan will be part of the project’s secured debt financing, with participation from the International Finance Corporation (IFC) and the Black Sea Trade and Development Bank (BSTDB).
The project will also receive guarantee support and grant funds for technical assistance from the European Union under the Ukraine Investment Framework through the HI-BAR program, which reduces risks for investors and helps attract funding to renewable energy and climate technology projects.
Against the backdrop of significant losses in power generation capacity due to the war, this investment is expected to help reduce the electricity shortage, support decarbonization, and strengthen the private sector’s role in the development of renewable energy.
According to the bank’s estimates, the new wind farm will generate approximately 467 GWh of electricity annually and reduce CO2 emissions by about 300,000 metric tons per year. The total cost of the project is estimated at EUR262 million.
OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the “Galnaftogaz” concern, which operates one of Ukraine’s largest gas station networks under the “OKKO” brand, comprising approximately 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
As previously reported, in April 2025, the EBRD, IFC, and the Black Sea Trade and Development Bank (BSTDB) announced a EUR157 million loan to the “Galnaftogaz” Group for a 147 MW wind farm in the Volyn region.
The European Bank for Reconstruction and Development (EBRD) has approved a EUR15 million senior loan for Kharkiv to restore its centralized heating system, backed by a EUR17 million grant from the European Union, the bank announced on its website.
“The loan is part of a broader financing package that also includes a EUR17 million investment grant from the European Union. Given the risks posed by the war, the loan will also receive a partial guarantee from the EU based on first-loss coverage,” the statement said, noting that the project is awaiting final approval.
The loan and EU grant funds will finance the purchase of up to 22 small and medium-sized modular natural gas-fired boiler plants, along with cogeneration units, as well as five small cogeneration units in existing boiler plants.
The project’s implementation will restore centralized heat supply services, which were interrupted in February 2026 following critical damage to Kharkiv Combined Heat and Power Plant No. 5. The total annual reduction in greenhouse gas emissions from the project is estimated at 19,091 metric tons of CO2-eq.
CHP-5, EBRD, EU, heat supply, KHARKIV
Norway is allocating over €9 million to repair the protective sarcophagus covering the Chernobyl Nuclear Power Plant following damage caused by a Russian drone, the Norwegian Embassy in Ukraine reported.
“Norway is allocating 100 million kroner (approximately 9.1 million euros – IF-U) for the repair of the protective structure covering the No. 4 reactor at the decommissioned nuclear power plant in Chernobyl. The structure was damaged as a result of a Russian drone strike in February 2025.”
The aid will be provided through the European Bank for Reconstruction and Development (EBRD) fund, the International Chornobyl Cooperation Account (ICCA).
State Secretary Eivind Vad Petersen announced the support during a visit to Kyiv, also mentioning the incident on June 7, when a spent nuclear fuel storage facility in the Chernobyl zone was hit by a Russian strike.
“These attacks also pose a threat to European and international security. Norway will make efforts to reduce the risk of radioactive emissions and ensure that the Chernobyl NPP continues to operate safely,” Petersen said.
In April, the U.S. expressed its readiness to provide up to $100 million as part of the Group of Seven’s joint efforts to repair the new sarcophagus over the Chernobyl NPP. Ahead of the 40th anniversary of the Chernobyl accident, the EU called on Russia to stop attacks on nuclear facilities in Ukraine.
