DFC approves more than $8 billion in investments, including €85 million DTEK loan

  • DFC approved more than $8 billion in investments across Ukraine, Jordan and Africa.
  • €85 million ($97.5 million) will finance DTEK’s Ukrainian battery-storage expansion.
  • The package includes Vodafone Ukraine, WIOCC, Jordan’s desalination project and a $500 million trade facility.

The U.S. International Development Finance Corporation approved more than $8 billion in investments across Ukraine, Jordan and Africa to strengthen essential services, expand trade with U.S. allies and support American exports. The package includes an €85 million ($97.5 million) loan to DTEK, Ukraine’s largest private energy company, to expand battery storage, as well as financing for Vodafone Ukraine, a $500 million trade facility, a loan and political risk insurance for Jordan’s National Carrier Project Company, and up to $155 million for African digital infrastructure provider WIOCC. The DFC said the commitments are intended to secure energy, telecommunications and other critical infrastructure while advancing U.S. technology and supply-chain interests. The agency has raised its investment cap to $205 billion and shifted greater focus toward mining, extractive industries, energy and digital infrastructure as Washington seeks to counter China’s global influence. DTEK’s existing battery network comprises six grid-connected systems in Kyiv and Ukraine’s Dnipropetrovsk region, with combined storage capacity of 400 megawatt-hours, enough to power 600,000 households for two hours.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.