SUPPORT OF UHE STABILITY AND RECOVERY

Promoter – Financial Intermediary

PJSC UKRHYDROENERGO

Location

• Ukraine

Description

The project concerns the rehabilitation and modernisation of three key hydropower plants (HPP) in Ukraine (Kaniv HPP, Kremenchuk HPP and Dnipro HPP). The national name of the operation in Ukraine is: "Equipment Renovation for Hydropower Operational Stability and Reliability Improvement".

Objectives

The aim is to significantly bolster the operational resilience of the country's electricity sector by implementing technical repairs and partial upgrades to the HPP, as well as by taking urgent emergency measures in response to the continued Russian military aggression on Ukraine's energy infrastructure.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 472 million

Environmental aspects

The project will not likely to have significant impact on environment, as the related works concern the rehabilitation and modernisation of components of existing hydropower plants, including the purchase of equipment.

Procurement

The the promoter shall ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Approved - 11/12/2024