Ukrenergo will utilize EBRD’s funds for the construction of a 330kV substation in Zahidna and two 330kV lines, which will connect the new substation to the grid.
The new infrastructure will enable Ukrenergo to reduce the burden on its four existing 330kV substations in the Kiev region, which usually operate above their design load.
EBRD said that the project will help Ukraine and Ukrenergo improve the security of electricity supply, increase energy efficiency, meet growing demand for power in the Ukrainian capital and tackle problems linked to power shortages and blackouts.
Ukrenergo is financing the project with the savings achieved in the implementation of the Zaporizhzhia-Kakhovs’ka high-voltage transmission line project. EBRD financed the project in 2010 with a €175m loan.
The bank has, so far, committed €10.9bn in 344 projects in Ukraine.
Image: The project will help Ukrenergo improve the security of electricity supply in Kiev. Photo: courtesy of The European Bank for Reconstruction and Development.
