The completion of the operation is expected to help minimize the burden on the electricity transmission service tariff.
NEC “Ukrenergo” has initiated a debt management operation for its sustainable development bonds, totalling US$825 million. This was made possible after the government, at the Ministry of Energy’s suggestion, approved a resolution to provide a state guarantee to the company, according to the Head of the Energy Department, Denys Shmyhal.
This decision marks a significant step towards restructuring the transmission system operator’s Eurobonds.
These sustainable development bonds were issued by “Ukrenergo” in 2021. Following the state guarantee, the company commenced the…