EBRD to Provide €21.1 Million in Financing for Power One — a Joint Energy Project by Dragon Capital and Negen
The document outlines the EBRD’s intention to provide €21.1 million in debt financing for the implementation of Power One — a new initiative in distributed electricity generation in Ukraine.
The side event took place as part of the Ukraine Facility Platform, an initiative aimed at supporting Ukraine’s recovery through private capital mobilization.
The signatories of the Mandate Letter were:
- Harry Boyd-Carpenter, Managing Director, Sustainable Infrastructure Group, EBRD
- Tomas Fiala, CEO of Dragon Capital
- Volodymyr Kudrytskyi, Co-founder of Negen — the managing partner of the project
Harry Boyd-Carpenter, Managing Director, Sustainable Infrastructure Group, EBRD:
«The Bank is very pleased to start working with Power One on preparing the potential financing, subject to due diligence and approvals, for this private transaction which shall contribute to strengthening the stability of the Ukrainian power sector».
Tomas Fiala, CEO of Dragon Capital:
“We view the energy sector as one of the key growth areas for Dragon Capital. Attracting international financial institutions is not only about resources — it also reflects the credibility and quality of the projects we invest in. The EBRD financing is an important step toward the large-scale rollout of Power One and opens opportunities for further capital inflow into the recovery and transformation of Ukraine’s energy sector.”
Volodymyr Kudrytskyi, Co-founder of Negen:
“The future of Ukraine’s energy sector lies in a system where not only consumption but also generation is variable. Such a system requires new technological solutions and business models to ensure flexibility, stability, and energy security. Power One is more than just an infrastructure project — it is a vision of the energy future, and we aim to be one of the leaders of this transformation.”
About the Power One Project
Power One is a large-scale energy initiative aimed at building a diversified portfolio of distributed power generation facilities across Ukraine. The project is based on a combination of highly flexible gas generation, battery energy storage systems (BESS), and renewable energy sources.
The goal of the project is to enhance the generation capacity, resilience, and adaptability of Ukraine’s power system so that it can withstand the pressures of war and lay a solid foundation for economic and energy recovery after the war ends.
The project is financed with the participation of Dragon Capital and international financial institutions. Project implementation is managed by Negen, a company founded by Volodymyr Kudrytskyi and Andrii Nemyrovskyi.
Media Contacts:
Dragon Capital — [email protected]
Negen — [email protected]