South Ukraine Transmission Project – EBRD AGM Issue Paper
Briefing | 10 May 2010
The European Bank for Reconstruction and Development (EBRD) is considering lending EUR 175 million to the National Energy Company of Ukraine, Ukrenergo, for implementing the South Ukraine Transmission Project. An equal amount of financing was approved by the EIB in October 2009. The project foresees construction of a new 750 kV power transmission line, two 330kV double circuit diversions, and modernisation of an existing 330/220/110 kV substation.
The project sponsor, Ukrenergo, started the public consultations and disclosure process on 4 August 2009. The project was criticised by the local public and Ukrainian NGOs for its negative environmental impact, support for nuclear energy generation and the dire practices in public engagement that Ukrenergo has demonstrated so far.
Read more about the concerns related to project size, environmental impacts and Ukrenergo’s qualifications as a client for the EBRD in our issue paper.