The energy market got a reprieve on the loan of the Bank in UAH 2 billion

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The Cabinet of Ministers extended the maturity of the loan in the amount of UAH 2 bn for state-owned companies until October 2016

The Cabinet of Ministers of Ukraine has extended until October 2016, the maturity of the loan in the amount of UAH 2 billion to the state company Energorynok, which she was granted a state Bank Oschadbank for procurement of imported coal in the heating season of 2015-2016.

This decision was approved by Cabinet on 18 February 2016, UNIAN reports.

Previously the maturity date of the credit line was may 1, 2016.

We will remind, in February 2016, at the Cabinet meeting, Minister of energy and coal industry Volodymyr Demchyshyn explained the need for the extension of maturity of credit lines that during the last winter, thermal power plants and heating plants didn't burn previously purchased volumes of coal, respectively, in the warehouses now are surplus fuel that is planned to come into operation in the coming months.

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