The Cabinet of Ministers of Ukraine has decided to approve the attraction of a loan in the amount of EUR 149 million by national energy company Ukrenergo for the project to modernize power lines from the European Bank for Reconstruction and Development (EBRD), the Finance Ministry of Ukraine reported on Thursday. According to the report of the ministry, the project foresees the replacement of transformer equipment and reconstruction of 12 substations with the installation of automated process management systems.
The project would allow the company to increase effectiveness and reliability of electricity transmission in western, northern, southern and central regions of Ukraine, modernize the key power transmission facilities, which is the condition for harmonization of the Ukrainian power grid with the European Network of Transmission System Operators for Electricity (ENTSO-E), the ministry said.
