Ukraine gets €65m to boost electricity supply

Ukraine has been given €65 million (£47.3m) for a project aimed at improving the security of electricity supply in the country. The nation’s national transmission network operator Ukrenergo will use […]

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By Priyanka Shrestha

Ukraine has been given €65 million (£47.3m) for a project aimed at improving the security of electricity supply in the country.

The nation’s national transmission network operator Ukrenergo will use the cash to build a 330kV substation and two 330kV lines, which will connect the new substation to the grid.

The project is also expected to meet the growing demand for electricity in the Ukrainian capital and tackle problems linked to power shortages and blackouts in the city of Kiev and the region.

The cost of the project is covered by savings achieved by Ukrenergo in implementing another transmission line project, financed by a €175 million (£127m) loan in 2010.

Phil Bennett, First Vice President of the European Bank for Reconstruction and Development (EBRD), which provided the loan said: “This project addresses issues of energy security and sustainable power supply for one of the most important regions of Ukraine.

“It also provides a perfect illustration of instant benefits, which can be achieved through the transparent public sector procurement in this country.”