- BIST10011,722-2.89%
- USD49.42+0.06%
- EUR55.41+0.20%
- GOLD4,191.70+0.52%
- INTEREST37.00%-1.00
- BITCOIN81,246-1.08%
- October 16, 202612°
- BIST10011,722-2.89%
- USD49.42+0.06%
- EUR55.41+0.20%
- GOLD4,191.70+0.52%
- INTEREST37.00%-1.00
- BITCOIN81,246-1.08%
- October 16, 202612°
US-Ukraine fund approves investments in energy and critical minerals
The US-Ukraine Reconstruction Investment Fund approved new investments in energy systems damaged by the war and critical minerals projects. The plan will support projects involving rare earth elements, uranium, beryllium and zirconium.
The US-Ukraine Reconstruction Investment Fund approved new investments aimed at strengthening the resilience of Ukraine’s energy infrastructure and securing critical supply chains. The fund’s support covers the development of the critical minerals sector and the strengthening of the energy system.
Joint platform for critical minerals projects
The fund will establish an investment platform together with Ukrainian company BGV Group Management. The platform is planned to bring early-stage projects in Ukraine’s mining sector together in a single diversified portfolio, contributing to the development of the critical minerals sector.
The platform’s initial areas of focus will be rare earth element, uranium, beryllium and zirconium deposits. The projects are expected to significantly increase critical minerals production, create new jobs and offer new opportunities to US and Ukrainian companies as well as international investors.
The investments also aim to strengthen reliable supply chains for critical minerals that are strategically important to the markets of the US and its allies.
Support for war-damaged energy systems
Another component of the investment program is a distributed combined heat and power generation platform. The fund will provide capital for the platform, with plans to build and operate local energy hubs to restore electricity and heating systems damaged by the war.
The fund also financed a battery energy storage system installed by DTEK, Ukraine’s largest private energy company, at six facilities across the country. The system, which has been commissioned, has the capacity to provide electricity equivalent to the two-hour consumption of approximately 600,000 households.
This capacity is intended to increase the resilience and stability of Ukraine’s energy system.
The fund’s previous steps
The approval of the new investments came approximately one year after the US and Ukraine established the fund’s initial capital and began its operations. In March, the fund made its first investment in the technology company Sine Engineering.
The US International Development Finance Corporation and the Multilateral Investment Guarantee Agency also signed a cooperation agreement in June to develop a political risk insurance system aimed at encouraging private-sector investment in Ukraine and supporting capital mobilization.
Stay Updated with RuskiGazeta
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
