Kyiv attracted UAH 1.5 billion loan for energy resilience: state banks have already lent 6 billion
Kyiv signed a loan agreement with the state-owned Ukreximbank for UAH 1.5 billion. The funds are to be directed to enhancing the energy resilience of the capital and preparing municipal infrastructure for the heating season.
This was reported by the Kyiv City State Administration. The loan is being attracted as part of the implementation of the Kyiv Territorial Community Resilience Plan, which the Kyiv City Council approved on March 10, 2026.
Ukreximbank became the third state-owned bank to finance the capital's energy resilience projects. Earlier, Kyiv agreed on a loan of UAH 2.5 billion with Oschadbank, and on September 17 received another UAH 2 billion from Ukrgasbank.
Thus, the total volume of loan financing from the three state-owned banks for these needs amounts to UAH 6 billion.
This is only part of a much larger Kyiv Resilience Plan. Its total cost after project revisions is estimated at approximately UAH 37 billion. The agreement provided for the distribution of main expenses between the state and the city in a 50/50 proportion, but taking into account additional capital projects, the financial burden directly on Kyiv was estimated at around UAH 22 billion.
In early August, the city authorities reported that over UAH 10 billion had already been accumulated from various sources for the implementation of the plan. In addition to the city budget and loans from Ukrainian banks, Kyiv is attracting funding from international partners.
The funds are primarily needed for the restoration and engineering protection of damaged energy facilities, creation of reserve heat supply, purchase of mobile boiler houses and generators, installation of cogeneration equipment, and provision of backup power for water supply systems.
In particular, Kyiv planned to bring the total capacity of cogeneration units to 200 MW by the end of the year, and backup power supply for water supply systems to 40 MW. A separate direction of the Plan provides for the creation of reserve heat sources in case of damage to large thermal power plants.
According to city authorities, about 2.1 GW of reserve thermal capacity is needed to replace the capacities of the capital's thermal power plants in a critical scenario. Equipment for facilities with a total capacity of over 1 GW has already been contracted.
The Kyiv City State Administration notes that combining own funds and loan financing allows not postponing energy security projects due to the burden on the city budget and preparing critical infrastructure for possible new Russian strikes in winter.
