Summary sheet
The project will finance the completion of the 906MW Tashlyk HPSPP's construction, which is an independent component of the South Ukraine power complex located in Mykolayiv region.
The project will double the hydro pump storage plant's peak capacity up to 906MW and will provide a wide range of services to the national electricity network. Capacity increase of the existing site reservoirs will increase grid flexibility and security. The project will ultimately contribute to grid stability in South Ukraine and facilitate integration into the European Network of Transmission System Operators for Electricity (ENTSO-E) test.
Compliance with the EIB Environmental and Social Standards, and requirements of the corresponding legal framework in Ukraine will be assessed. An environmental impact assessment (EIA) and social impact assessment is being undertaken in line with the new environmental legislation dated 18 December 2017. The latter is aligned with the EIA Directive EC2011/92 amended 2014/52.
The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
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Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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