Ukraine: Facilitating Power System Integration with Europe Project (WB-P171980)

Countries
  • Ukraine
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
A
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.
Voting Date
Jan 21, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ukrenergo
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)
$ 240.00 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)
$ 270.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Apr 10, 2020

Disclosed by Bank Mar 28, 2020


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Project Description

According to the Bank's website, this project aims to establish a cross-border electricity interconnection between Ukraine and the EU. 

The success of this project will be measured in accordance with the following indicators: (i) increased interconnection capacity between Ukraine and Europe measured in MegaWatts; (ii) battery storage capacity installed measured in MegaWatthours; and (iii) establishment of a more transparent Transmission System Operator (TSO). 

This project will entail the following components: (i) network strengthening for ENTSO-E integration; (ii) introduction of battery storage; and (iii) technical assistance. 

Investment Description
  • World Bank (WB)
Contact Information

Implementing Agency 

Ukrenergo: Volodymyr Kudrytskyi, First Deputy Chairman of the Management Board Kudrytskyi.VD@ua.energy 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: https://www.inspectionpanel.org.