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GISMETEO.RU
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Business    

EBRD to provide EUR 149-mln investment to Ukrenergo for major upgrade
Journal Staff Report

KYIV, July 31 – The European Bank for Reconstruction and Development (EBRD) will provide investment up to EUR 149 million to Ukrenergo National Energy Company to acquire up to 26 new transformers and carry out the automation and upgrade of 12 high-voltage substations.

"The investment will help Ukrenergo upgrade its key transmission infrastructure required for the synchronization with the European electricity networks. It will also assist Ukraine in aligning its legal framework and operational practices with the EU Third Energy Package," reads an EBRD press release.




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