Business news from Ukraine

ENERGY COMMUNITY SHORTLISTS SIX UKRAINIAN PROJECTS FOR PECI

11 April , 2016  

KYIV. April 11 (Interfax-Ukraine) – The Energy Community has shortlisted six Ukrainian projects as candidates for the label of Projects of Energy Community Interest (PECI), Director of the Energy and Coal Industry Ministry’s planning and European integration department Mykhailo Bno-Airiian has said.

“There was a second meeting to shortlist the projects for PECI status. As I’ve written before, we’ve submitted six projects – three concern construction and renovation of power transmission lines, two foresee the construction of gas interconnector pipelines and one is related to crude oil. It’s pleasant that all the projects have been shortlisted for further action,” he wrote on Facebook.

Bno-Airiian says that there are 33 projects worth over EUR 4 billion that have been submitted for PECI status.

Projects of Energy Community Interest (PECIs) is a label attached to infrastructure projects that have the highest positive impact in the largest possible number of the Energy Community Contracting Parties. The identification of PECIs has evolved in two tiers; 2013 PECIs and 2016 PECIs.