DTEK has signed a loan agreement with a consortium of Ukrainian banks to raise about UAH 3 billion (equivalent to €67 million) to implement a project of modern energy storage systems in Ukraine.
The announcement was made on the official website of DTEK Renewables.
The funds will be provided by three domestic banking institutions:
- Oschadbank;
- FUIB (First Ukrainian International Bank);
- Ukrgasbank (UGB).
According to DTEK, this is the company's largest internal loan, which will be used to build new energy infrastructure. The proceeds will be used to build one of the largest energy storage facilities in Eastern Europe.
Photo: renewables.dtek.com.
The project envisages the construction of 5 energy storage facilities with a total capacity of 180 MW. In total, the company plans to build 6 energy storage facilities in different regions of the country with a capacity of 200 MW. The loan from banks will cover part of the cost of the projects. The rest will be invested by DTEK at its own expense.
The company signed an agreement with the banks for more than 5 years – until September 25, 2030.
DTEK noted that the constructed storage facilities will be able to provide simultaneous electricity supply for 600,000 Ukrainian households. The construction of the energy storage facilities should be completed this year.
Photo: renewables.dtek.com.
In mid-January, EcoPolitics reported that DTEK would install 6 energy storage plants with a capacity of 200 MW throughout Ukraine. The planned investment will amount to €140 million, of which €73 million is DTEK's own funds.
