On October 11, the Cabinet of Ministers of Ukraine adopted Resolution \u2116 1049 \u201cOn providing a state guarantee of obligations of the private joint-stock company National Power Company \u201cUkrenergo\u201d in 2021\u201d.<\/p>\n
The European Business Association welcomes the decision of the Government to fulfill its obligations under the Memorandum of Understanding on the settlement of the problematic situation in the industry of renewable energy in Ukraine, namely \u2013 to ensure the payment of debts of UAH 15.1 billion to RES producers accumulated in the period up to 01.08.2020.<\/p>\n
Thus, the Government supported the proposal of the Ministry of Energy to guarantee the fulfillment of obligations on loan repayments by the private joint-stock National Power Company \u201cUkrenergo\u201d. Thus, the company is obliged to issue and place bonds on international stock markets to maintain its liquidity and sustainability.<\/p>\n
It is worth emphasizing the importance of paragraph 5 of this resolution according to which all obligations must be fulfilled including those of SE “Guaranteed Buyer” to repay debts incurred by contracts of sale of electricity at a green tariff concluded between the SE “Guaranteed buyer” with electricity producers subjected to a green tariff.<\/p>\n
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