EBRD EUR149 million loan to support upgrade of Ukraine’s transmission network

30.07.2019 12:08 "Agro Perspectiva" (Kyiv) — Loan to support Ukrenergo’s ongoing modernisation

· EBRD loan of up to EUR149 million to National Energy Company Ukrenergo

· 26 new transformers to be acquired, 12 high-voltage substations upgraded

· Support for synchronisation of Ukrainian and European electricity networks

Ukraine’s energy network will receive a major boost following an investment of up to EUR149 million by the EBRD into the country’s power transmission system.

The investment will help Ukrenergo upgrade its key transmission infrastructure required for the synchronisation with the European electricity networks. It will also assist Ukraine in aligning its legal framework and operational practices with the EU 3rd Energy Package.

Ukrenergo will use the 15-year sovereign-guaranteed loan to acquire up to 26 new transformers and carry out the automation and upgrade of 12 high-voltage substations in key locations of the Ukrainian transmission network. The loan will also contribute to the annual reduction of CO2 emissions by 20,500 tonnes.

The investment will strengthen Ukrenergo’s capacity to accommodate the growing share of renewables in the Ukrainian grid, with an increasing share of wind and solar power. A flexible, smart grid will be key to the sustainable electricity sector of the future.

The EBRD financing is also promoting the commercialisation and institutional development of Ukrenergo through the implementation of a comprehensive Corporate Governance Action Plan and robust procurement standards.

The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost EUR13.6 billion through 432 projects in the country.

18.09.2023
	13:55	Ukraine will sue Poland, Hungary and Slovakia over agricultural bans
15.09.2023
	21:02	Following the expiry of the restrictive measures on Ukrainian exports of grain and other foodstuff to the EU, Ukraine agrees to introduce measures to avoid a renewed surge in EU imports
13.09.2023
	17:54	Biodel AG Secures Series A Investment from Pangaea Ventures to Advance Novel Regenerative Agriculture Technologies
	07:25	Rice Export Prices Highest in 15 Years as India Restricts Trade
11.09.2023
	17:54	Export Bans, Black Sea Tensions, Affecting Food Markets - WTO Agriculture and Commodities Division
09.09.2023
	18:36	Global cereal production forecast to match past record - FAO
14.08.2023
	13:22	EBRD provides EUR60 million guarantee to support lending by Ukraine’s PrivatBank
	13:18	Supporting small business in the west of Ukraine via Bank Lviv
12.08.2023
	18:35	Russia Withdraws from Black Sea Grain Initiative
04.08.2023
	19:32	Falling international maize and sugar prices partly offset notable jumps in wheat and vegetable oil quotations
28.07.2023
	19:25	Cargill and partners announce first Gold Standard-approved methane emissions reduction methodology for beef producers
	19:21	FAO welcomes European Union contribution of ˆ25 million to advance wildlife conservation and food security
	18:55	BASF’s earnings in tough market environment significantly below strong prior-year quarter
24.07.2023
	00:45	Brazil continues to make export gains and set new records for beef, pork, and chicken meat
23.07.2023
	22:25	122 million more people pushed into hunger since 2019 due to multiple crises, reveals UN report
22.07.2023
	08:17	U.S. dairy exports to Southeast Asia have been weak to start 2023
13.07.2023
	07:00	Russia Exports Record Wheat Volumes; Ukraine Exports Plummet
08.07.2023
	09:00	FAO Food Price Index continued declining in June
06.07.2023
	20:10	Global agricultural and food production are projected to continue to increase over the next ten years
04.07.2023
	19:54	EBRD supports Ukrainian city of Dnipro with EUR25 million loan
	09:03	Nibulon invests EUR 27 mln in construction of granary, flour mill in Izmail
23.06.2023
	08:57	World coffee production for 2023/24 is forecast 4.3 million bags higher than the previous year to 174.3 million
	08:55	Mexico’s Production Recovering from Coffee Leaf Rust
22.06.2023
	04:05	EBRD and Ukraine government to mobilise ˆ600 million for Ukraine energy security
21.06.2023
	20:26	EBRD and Ukraine government to mobilise EUR600 million for Ukraine energy security
11.06.2023
	15:55	Argentina ramps up soybean imports from Paraguay and Brazil
10.06.2023
	04:35	World Oceans Day must be Humans Day: FAO Fisheries chief
09.06.2023
	11:24	EU extends trade benefits for Ukraine
05.06.2023
	11:25	2023/24 Grain Production Exceeds Consumption
02.06.2023
	11:45	Rebound seen for global cereal output, with worldwide stocks set to hit record levels
	11:35	Significant drops in international quotations for wheat, maize, vegetable oils and cheese, while prices of rice, sugar and meat rise
01.06.2023
	11:56	Conflict Drives Acute Hunger in the Democratic Republic of Congo - UN agencies warn
31.05.2023
	12:29	Three New Foods and Their Applicable Food Safety Standards
30.05.2023
	11:55	Haiti: Nearly half of the population is facing acute hunger
	11:34	Increasing risk of hunger set to spread in hotspot areas as the Sudan crisis spills over into subregion and el Niño looms - warns new UN report
28.05.2023
	12:51	Black Sea Grain Initiative not fully resumed – UN
25.05.2023
	15:52	Ukrainian FM urges African Union to demand that Russia stop obstructing work of grain corridor
20.05.2023
	11:49	Grain initiative talks continue considering proposal of UN Secretary General – Dpty Minister of Restoration
05.05.2023
	14:45	The FAO Food Price Index rebounded slightly in April
28.04.2023
	09:15	Yara . 1Q results impacted by falling prices, but tighter nitrogen market into 2Q
21.04.2023
	22:10	Ukraine sees no reason to ban Ukrainian grain imports by EU countries - Solsky
18.04.2023
	21:45	$5 million from FAO-China South-South Cooperation Programme will assist in building more resilient agrifood systems
	21:05	China Becomes World’s Largest Wheat Importer in 2022/23
14.04.2023
	09:52	EBRD and Spain join forces to support Ukraine’s food security and municipal sector
05.04.2023
	13:10	Astarta starts 2023 planting season
31.03.2023
	00:27	War in Ukraine continues to impact EU farmers
28.03.2023
	22:17	Ukraine sends 150,000 tonnes of wheat to Asia
	12:00	Global onion prices are at record-high levels due to a global shortage of onions
12.03.2023
	06:17	It will enrich Egypt if a kilo of onions costs HUF 1,000
10.03.2023
	11:03	Plummeting Argentina Soybean Production Impacts Global Soybean and Products Trade