Ukraine has signed loan agreement with the World Bank for the modernization of electricity.
Ukraine and the World Bank signed loan agreement in the amount of 378.425.000 dollars for the implementation of the «Second Power Transmission Project».
The corresponding document was signed on February 10, the Minister of Energy and Coal Industry Vladimir Demchishin and World Bank Director for Belarus, Moldova and Ukraine Qimiao Fan.
The loan includes 330 million dollars directly from the World Bank and 48.425 million dollars – from the Clean Technology Fund.
«This investment will help to restore the national grid electricity supply, improve energy security of Ukraine and reduce the impact on climate change,» – said Qimiao Fan.
Within the framework of the project «Second Power Transmission Project» is planned to increase the integration of Ukrainian electricity in the common European system to facilitate the integration of renewable energy sources, improve efficiency of power transmission.
Recall that in the framework of the «First Power Transmission Project» Ukraine has received from the World Bank $ 200 million credit.
