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    Reference: 20180619
    Release date: 12 May 2020

    Promoter – Financial Intermediary

    SE NATIONAL NUCLEAR ENERGY GENERATING COMPANY ENERGOATOM

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 176 million

    Total cost (Approximate amount)

    EUR 359 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Under appraisal - 17/02/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Ukraine Energy