The Bar substation is a span in the power transmission line connecting the Dniester Hydro Power Plant with tens of thousands of households in South-western Ukraine.
The upgrades, at a total cost of $28.7m, will add significant benefits to the company and Ukraine.
The completed improvements are part of a much larger on-going $200m Power Transmission Project supported by the World Bank.
Additionally, the expansion of the Bar substation will assure stable voltage in the grid through continuous power transmission, using the resources of the Dniester hydro power plant to full capacity.
World Bank country director for Belarus, Moldova and Ukraine Qimiao Fan said, "The World Bank is very pleased to support this modernization project."
"Having reliable and efficient power supply is critical for Ukraine’s development and the investments we have made under this project will improve the lives of ordinary Ukrainians who will benefit from safe and reliable electricity supplies," Fan added.
Ukrainian energy and coal industry minister Eduard Stavytskiy said, "This project is a vivid example of our fruitful cooperation in Ukraine’s energy sector."
"We truly appreciate the ongoing collaboration and effective support we receive from the International Bank for Reconstruction and Development to implement this project," Stavytskiy added.
