Since the beginning of 2024, the state-owned Ukrgasbank (UGB, Kyiv) has financed almost 90 energy projects totaling UAH 1.8 billion, said Tetiana Kornienko, Director of the Small and Medium Business Department of Ukrgasbank, at Get festival business on December 12 in Kyiv.
“The main part of UAH 1.3-1.4 billion is made up of two components: solar stations and cogeneration units,” she said.
Cogeneration accounts for the largest share of the total amount of loans granted due to the high cost of projects in this segment.
Also, about 20% of the total amount of loans disbursed is for the purchase of generators, which belongs to small projects.
“We lend to almost the entire line of equipment used in the generation sector. These include generators, solar panels, cogeneration, and wind farms. We are ready to take on any project,” the department director emphasized.
According to her, the bank has its own technical office that provides assistance in analyzing projects and finding optimal solutions. Ukrgasbank also has a fairly wide range of financing programs.
According to Kornienko, one of Ukrgasbank’s key requirements for borrowers is that they have sufficient cash flow to cover loan repayment, including the flow generated by the project itself.
