Release date: 4 May 2010
Promoter – Financial Intermediary
UkrhydroenergoLocation
Description
The multi-component project will refurbish and upgrade 21 conventional and pumped storage hydro power plant units at six power stations along River Dnieper in central Ukraine and is part of larger, long-term programme of the promoter, aimed at refurbishing all 100 units of their nine hydro power plants. The project is co-financed with World Bank and EBRD.
Objectives
The programme will refurbish and upgrade 21 hydro power plant units situated in central Ukraine on the Dnieper River to extend the economical lifetime of these renewable energy assets.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 467 million
Environmental aspects
The environmental impacts of the project are evaluated acceptable, as the proposed Environmental and Social Management and Mitigation Plan (ESMMP) is implemented.
Procurement
The Bank will require that the procurement is carried out in accordance of the EIB’s Guide to Procurement.
Status
Signed - 21/09/2012
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).