Bloomberg News

DTEK Unit Wins $182 Million Landesbank Loan for Ukraine Wind

June 21, 2013

Wind Power LLC, a unit of Ukraine energy company DTEK Holdings BV, won a 138 million-euro ($182 million) loan from Landesbank Berlin AG for a wind farm in the nation’s south.

The 10-year loan will fund the second phase of the Botievo venture in Zaporizhia with a total capacity of 105 megawatts, DTEK said today in an e-mailed statement. Construction at the site is slated to finish in 2014, according to the company.

Vestas Wind Systems A/S (VWS) of Denmark is supplying turbines to the park and the nation’s export credit agency Eksport Kredit Fonden backed the deal, according to the statement.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Tony Barrett at tbarrett4@bloomberg.net


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