RIVNE-KYIV HIGH VOLTAGE LINE

Promoter – Financial Intermediary

Ukrenergo NEK GP
25, Kominternu Street,
01032, Kyiv, Ukraine

Location

• Ukraine

Description

Construction of a 350 km long 750 kV AC transmission line from Rivne in north-western Ukraine to Kiev in central Ukraine and a 135 km-long diversion of the existing Khmelnitska to Chernobyl power line into the Kiev substation, extension of Kiev substation and two 60 km, 330kV lines connecting Kiev substation to 330 kV network. The project would constitute a major electricity backbone link from the Kiev area to western Ukraine, ultimately connecting to the Trans-European Energy Networks (TEN-Es).

Objectives

The aims of the project are: to reinforce the transmission network, to use the generation capacity more economically, to enable Ukraine to improve its participation in the European energy markets, to reduce losses and facilitate lower carbon emissions and to enhance the security of supply to the Kiev city area.

Comments

Electricity

Sector(s)

• Energy

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 300 million

Environmental aspects

Due to its size and technical characteristics, the project, if located within the EU, would fall under Annex I of Directive 97/11/EC and would thus require an Environmental Impact Assessment (EIA). An EIA in line with EU requirements, including public consultation, was completed in 2007 for the 350 km long 750 kV transmission line from Rivne to Kiev and the 135 km long diversion of the existing Khmelnitska to Chernobyl power line into the Kiev substation. The promoter is preparing an EIA in line with EU requirements, including public consultation, for the other components of the project and is expected to be completed before start of the works for these components.

Procurement

The Bank will require the promoter to ensure that all supply contracts financed by the Bank will be established in compliance with the Bank's Guide to Procurement.

Status

Signed - 24/10/2008