Ukrenergo Transmission Network Modernisation (EBRD-49235)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
UKRENERGO SE
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 168.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 149
Converted using 2019-03-25 exchange rate.
Loan Amount (USD)
$ 168.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 224.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 198.2
Converted using 2019-03-25 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 5, 2019

Disclosed by Bank Mar 25, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to EBRD website, the project will enable Ukrenergo to upgrade its key transmission infrastructure, required for synchronisation with the European Network of Transmission System Operators for Electricity (ENTSO-E) and an integral part of Ukraine's ongoing alignment programme with the EU 3rd Energy Package, while contributing to the improvement of overall energy efficiency in the country. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

National Energy Company Ukrenergo is a natural monopoly company and the sole electricity transmission grid operator of Ukraine, 100 per cent state-owned with the Ministry of Finance acting as nominated owner.

Contact Information

Nataliia Snezhko
Email Address: SNEZHKO.NM@ua.energy
+380 44 238 3070
https://ua.energy
Symona Petlyury St, 25, Kyiv, 01032

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.