Signed the first loan agreement for the installation of a power plant worth over UAH 28 million

Signed the first loan agreement for the installation of a power plant worth over UAH 28 million

Kyiv  •  UNN

August 12 2024, 08:33 AM  •  20725 views

Oschadbank has signed the first loan agreement in Ukraine for the installation of a gas reciprocating power plant under the '5-7-9%' program. The loan of UAH 28.7 million was granted for 5 years at 9% per annum for the installation of a 2.5 MW generator.

Oschadbank was the first Ukrainian bank to enter into a 5-year loan agreement for the installation of a gas-piston power plant. This is the first time among Ukrainian banks within the framework of the updated "Affordable Loans 5-7-9%".

Written by UNN with reference to the press service of the Ministry of Economy of Ukraine.

Details

Oschadbank has entered into the first loan agreement in Ukraine for the installation of a gas piston power plant under the updated "Affordable Loans 5-7-9%" program. The concessional loan will be provided for the purchase and installation of a 2.5 MW generation system.

The loan amount is UAH 28.7 million for 5 years at 9% per annum. It is also noted that the plant's capacity of 2.5 MW will allow the company to provide itself with electricity in the event of a prolonged power outage.

"We are grateful to the government for entrusting our bank with the implementation of its programs. Using our own preferential products and cooperation with international partners, we are not only responding to the challenges of a full-scale war, but also building the energy independent future of our country," commented Oschadbank's Chairman of the Board Serhiy Naumov on the agreement .

As an economic bloc of the Government, it is important for us to ensure that businesses can operate even during electricity supply restrictions. With this in mind, we have expanded the capabilities of the state program "Affordable Loans 5-7-9%" to enable entrepreneurs to purchase gas-fired generating units with credit funds.

- said Yulia Svyrydenko, First Vice Prime Minister of Ukraine and Minister of Economy of Ukraine.

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