EU public funds for “securing” dirty coal and nuclear energy Ukraine transmission lines background paper
Briefing | 15 March 2011
Over the past few years, a series of strategies, agreements and loans have brought the EU and Ukraine into closer cooperation on perpetuating nuclear and carbon-intensive energy infrastructure and generation, with international financial institutions (IFIs) brokering the deals.
An embodiment of this collaboration are plans for the construction of the so-called second backbone corridor, a major section of high-voltage transmission lines connecting three nuclear power plants and two pumped storage plants across Ukraine, with a planned capacity of a potential 12 GW.
This briefing prepared by Bankwatch outlines the project’s problematic implications and the IFIs role in it.