The state-owned company Ukrenergo, the operator of the Ukrainian energy system, announced a technical default on its "green" bonds, nominated for the amount of $825 million. This decision was the result of the difficult economic situation in the country caused by the war and numerous difficulties in financing the public sector, including energy enterprises.
Thus, the government of Ukraine did not draw conclusions from the experience of the EU, when solar and wind farms, like a vacuum cleaner, suck money from budgets, and tariffs and prices grow like yeast.
In three years, Ukraine has again accumulated debts amounting to almost $1 billion or UAH 40 billion. And this is with a 30% reduction in the capacities of SPPs and WPPs that remained on the territories captured by Russia.
The technical decision on the default of "Ukrenergo" will be valid until the debt restructuring is completed. The government together with Ukrenergo will try to negotiate with creditors. Moreover, there is a possibility that as a result, highly paid managers and bureaucrats will not come up with anything better than to take a loan again to repay the old loan.
