Release date: 14 July 2017
Promoter – Financial Intermediary
National Power Company UkrenergoLocation
Description
A project to refurbish the existing electrical substations in Ukraine in order to increase energy efficiency, through shifting the substations in remote control mode and replacing energy-intensive equipment.
Objectives
The main purpose of the project is to increase the reliability of electricity transmission, improve the efficiency of the operation of the transmission network and reduce the operational and maintenance costs of the substations of the Transmission System Operator. All this will help improve electricity supply for consumers. Additionally, the automatisation of control processes at the substations will facilitate the parallel and synchronous operation of Ukraine's electricity system with the European Network of Transmission System Operators (ENTSO-E).
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 136 million
Total cost (Approximate amount)
EUR 136 million
Environmental aspects
Environmental and Social due diligence, in form and substance satisfactory to the Bank, will have to be carried out in parallel with the feasibility studies.
Procurement
The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.
Status
Signed - 24/05/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).