Transaction Snapshot
| Item | Detail |
|---|---|
| Borrower | DTEK |
| Lenders | Oschadbank (lead), FUIB, Ukrgasbank |
| Facility | UAH 3 billion (~€67 million) project-finance loan |
| Purpose | Construction of five battery energy-storage systems (BESS) totalling 180 MW |
| Maturity | September 2030 |
Strategic Rationale
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Grid resilience – Storage will stabilise supply during peak load and mitigate blackout risk amid ongoing infrastructure attacks.
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Energy independence – Part of DTEK’s programme to build 200 MW of BESS capacity nationwide by 2025.
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Economic signal – Demonstrates ability of state and private banks to syndicate large domestic funding in wartime.
Executive Commentary
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Maksym Timchenko (CEO, DTEK):
“Our aim is to move from restoration to a modern, reliable energy sector that underpins long-term growth.” -
Yuriy Katsion (Deputy Chair, Oschadbank):
“Consortium lending in wartime showcases banking sector flexibility to back strategic projects.” -
Serhiy Chernenko (Chair, FUIB):
“Financing new capacity is part of our wider responsibility to bolster national energy security.” -
Rodion Morozov (Acting Chair, Ukrgasbank):
“Supporting this landmark project aligns with our ongoing priority—Ukraine’s energy independence.”
Project Highlights
| Metric | Impact |
|---|---|
| Storage capacity | 200 MW total; 180 MW funded via loan |
| Regional spread | Six sites across multiple oblasts |
| Households served | Power equivalent for 600 000 homes |
| Completion target | 2025 |
Financing Structure
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Loan covers selected EPC and equipment costs for five sites.
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DTEK equity funds remaining capex and the sixth 20 MW facility.
This transaction strengthens Ukraine’s energy resilience and sets a domestic precedent for large-scale project finance under wartime conditions.
