KYIV, Sept 16 (Reuters) - The U.S. International Development Finance Corporation approved an €85 million ($97.5 million) loan to Ukraine's largest private energy company, DTEK, to expand its battery storage, DFC and DTEK said on Wednesday.
It is the DFC's largest loan for Ukraine's energy sector since the start of Russia's invasion in 2022.
"This €85 million loan means we can release more funds to build more battery storage and other projects," said Maxim Timchenko, the chief executive officer of DTEK. "For me, the financial part is very important, but much more significant is this signal that DFC is ready to support Ukraine and DTEK."
"They have made an ***** sment of the risk, understand how to manage it, and are saying that private investors should follow," he said.
DFC's chief executive, Ben Black, said in a statement that U.S. President Donald Trump had empowered the DFC to proceed with the investment.
#battery
It is the DFC's largest loan for Ukraine's energy sector since the start of Russia's invasion in 2022.
"This €85 million loan means we can release more funds to build more battery storage and other projects," said Maxim Timchenko, the chief executive officer of DTEK. "For me, the financial part is very important, but much more significant is this signal that DFC is ready to support Ukraine and DTEK."
"They have made an ***** sment of the risk, understand how to manage it, and are saying that private investors should follow," he said.
DFC's chief executive, Ben Black, said in a statement that U.S. President Donald Trump had empowered the DFC to proceed with the investment.
#battery
3 days ago
