Business news from Ukraine

Ukrenergo signs agreement on financing consulting services on joint contracts with KfW

11 September , 2017  

KYIV. Sept 11 (Interfax-Ukraine) – National energy company Ukrenergo and KfW (Germany) have signed an agreement on providing grants to finance consulting service in joint projects, the company’s press service has reported.
The press service said that the grants are provided from the special fund of the Federal Ministry of Economic Cooperation and Development of Germany (BMZ) via KfW to finance advisors to be selected and contracted by Ukrenergo.
In particular, one of the agreements provides for financing of monitoring services for the implementation of the current project entitled “Reconstruction of Substations in Eastern Ukraine.” The second agreement provides for the preparation and monitoring of the implementation of a new project entitled “Improving Energy Efficiency in Power Transmission (Reconstruction of Transformer Substations) II.”
The agreements signed on September 6 provide for the selection one of the best European companies that will manage the implementation of projects on behalf of Ukrenergo at an open tender, in accordance with the criteria of KfW.