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Ukraine Investment Framework (UIF)

Development projects

Eximbanka provides support for your business activities in Ukraine through the Export Credit Pilot program provided by the European Investment Fund, and through the Ukraine Investment Framework program, funded by the European Commission.

Ukraine Investment Framework (UIF)

The Ukraine Investment Framework (UIF) is part of the wider European Union programme for the reconstruction of Ukraine (Ukraine Facility).

Key features of the UIF:

  • Support for public and private investments in Ukraine
  • Guarantees and finance blending of projects in Ukraine
  • Cooperation with international and national financial institutions
  • Sectoral focus on infrastructure, energy, agriculture, SME support, digitalisation and public services

The European Commission has approved the investment project of Eximbanka and the Slovak Agency for International Development Cooperation (SlovakAid) “Ukraine-Slovakia Energy Security and Grid Stability Investment Programme” worth EUR 101 million, which consists of several investment projects in the field of energy infrastructure.

The programme will finance key projects to improve energy transmission, grid stability and Ukraine’s integration into European energy markets. This initiative is in line with the EU’s energy transition priorities and the Framework for the Slovak Republic’s engagement in the reconstruction of Ukraine, while supporting regional stability, sustainability and economic resilience.

The European Commission is contributing grant resources totalling EUR 23.2 million and is also providing a 90% guarantee for Eximbanka’s loan resources. The 90% guarantee is EUR 69.5 million. Eximbanka’s loan resources amount to EUR 77.2 million.

How an Slovak entrepreneur can take advantage of the opportunities provided by the Ukraine Investment Framework (UIF)?

Opportunities for exporters to participate in the implementation of energy projects in Ukraine under the Ukraine Investment Framework (UIF)

Eximbanka in cooperation with the European Commission and SlovakAid provides financing and support for the implementation of projects for the reconstruction and development of energy infrastructure in Ukraine. Eximbanka provides credit resources in the amount of EUR 77.2 million for Ukrainian state-owned energy companies Ukrenergo and Ukrhydroenergo. These credit resources are guaranteed by a 90% guarantee of the European Commission. Additional resources for project financing for Ukrainian state-owned energy companies are managed by SlovakAid for a total amount of EUR 23,3 million. These resources are earmarked for technical assistance and for an investment grant which will be used as an additional source of project financing (on top of Eximbanka’s loan resources).

The loan granted by Eximbanka to Ukrenergo and Ukrhydroenergo allows energy infrastructure contractors to finance energy projects.

What is the programme aimed at?

  • Rehabilitation and modernization of energy infrastructure in Ukraine
  • Improving energy transmission, grid stability and integration of Ukraine into European energy markets

What do we offer to Ukrainian companies Ukrenergo and Ukrhydroenergo under the provided loan?

  • Long-term investment loans
  • Possibility to draw on an investment grant, i.e. non-repayable funds

Who is involved in the financing structure of energy projects?

  • Eximbanka – lending
  • European Commission – guarantees and grants
  • SlovakAid – grant administration and technical assistance, e.g. in contractor selection

How can an exporter get involved in a UIF project?

1. Follow tenders for energy infrastructure supply for specific projects. Eximbanka and SlovakAid will provide you with information on ongoing tenders

Funding applies to four pre-defined  projects:

  • Three projects for the reconstruction and modernisation of substations and related transmission system in Ukraine for the Ukrainian company Ukrenergo
  • One project focused on the preparation of a combined solar and wind power plant for Ukrhydroenergo

Exporters can participate in a tendering process, which is provided by SlovakAid in cooperation with Ukrainian partners.

2. Participate in the  tendering procedure

  • The selection of suppliers for the pre-selected projects will be organised in accordance with international public procurement rules
  • SlovakAid will provide technical assistance to ensure the tendering process and its transparency.

3. Contractors for Ukrenergo and Ukrhydroenergo projects will be selected in the tender process

4. Ukrenergo and Ukrhydroenergo will also receive grant funds from the European Commission in addition to the loan

  • Each Eximbanka loan will be accompanied by an investment grant from the European Commission
  • The investment grant is directly linked to the same project and serves to reduce the financing costs

5. Project implementation

  • After the signing of the supply contract between the selected supplier and Ukrenergo or Ukrhydroenergo and the signing of the loan agreement between Eximbanka and Ukrenergo, Eximbanka and Ukrhydroenergo and the investment grant agreement between SlovakAid and Ukrenergo or Ukrhydroenergo, the successful bidder may commence the execution of the supply to the Ukrainian partner

Who can participate?

  • Export companies operating in the field of energy, technology, engineering and infrastructure solutions that meet the conditions of the tender
Department of International Relations

Ing. Matúš Šársky
Director

Department of International Relations

Ing. Juraj Topolčány
Specialist for International Relations

Structured Finance Department

Ing. Tomáš Kuruc
director

Office of the Deputy Prime Minister of the Slovak Republic for Recovery and Resilience (ÚPPV)
Slovak Agency for International Development Cooperation (SLOVAKAID)

Contact form

Are you interested in participating in UIF projects in Ukraine?

Fill out the contact form and our team will get in touch with more information about tenders, financing, and support from Eximbanka and SLOVAKAID.

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