Business news from Ukraine

UKRENERGO TO COMPLETE BUILDING NOVO-ODESKA-ARTSYZ POWER GRIDS BY 2020

7 April , 2017  

KYIV. April 7 (Interfax-Ukraine) – Ukrenergo plans to complete the construction of the 330 kV Novo-Odeska-Artsyz power grids by 2020.
According to the press service of the state enterprise, it started the work on the project in the middle of the 2000s, but construction was suspended.
“Our calculations related to the work of the Moldovan state regional power station and the energy center, as well as geopolitical changes show that it is necessary to accelerate the pace and, if possible, complete the construction of the Novo-Odeska-Artsyz power grids by 2020,” Ukrenergo Head Vsevolod Kovalchuk said.
According to him, to implement the project it is planned to attract investments from international financial organizations, in particular, the European Bank for Reconstruction and Development.
As reported, Ukrenergo in 2007 estimated the cost of building the Novo-Odeska-Artsyz power grids with a cable passage through the Dnistrovsky firth at UAH 450 million.