Kyivenergo could raise $220 m from commercial banks for electricity supply system development

OJSC Kyivenergo, which exploits Kyiv's energy complex, is considering raising $220 million from commercial banks to upgrade and develop Kyiv's electricity supply system, Kyivenergo Board Chairman Eduard Sokolovsky told journalists on Tuesday.

He said that at present, the company is in talks on raising an indirect credit from the World Bank through commercial banks, using the mechanism of state and World Bank guarantees.