Ukraine's Ukrenergo to issue Eurobonds to pay debt to green energy producers

Ukraine's government said on Tuesday it had permitted state-run electricity grid operator Ukrenergo to issue Eurobonds worth about 22.8 billion hryvnias ($865 million) in 2021 under state guarantees to raise funds to pay off debt to green energy producers.

KYIV, Oct 12 (Reuters) - Ukraine's government said on Tuesday it had permitted state-run electricity grid operator Ukrenergo to issue Eurobonds worth about 22.8 billion hryvnias ($865 million) in 2021 under state guarantees to raise funds to pay off debt to green energy producers.

It did not specify the Eurobonds' tenure.

The debt to renewable energy producers has been piling up since last year amid a declining economy, when the government said that it was not able to pay the high tariffs amid which had been introduced several years ago to stimulate the construction of solar and wind farms.

(Reporting by Natalia Zinets; Editing by Emelia Sithole-Matarise)

((Natasha.Zinets1@thomsonreuters.com;))

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