The Asian Development Bank’s (ADB) Board of Directors has endorsed a 5-year Country Partnership Strategy for Turkmenistan to support regional cooperation and economic diversification during 2017-2021. The Bank announced that the document was ADB’s first full Country Partnership Strategy (CPS) with Turkmenistan since the country joined ADB in 2000. Turkmenistan has made important progress in…
The European Investment Bank (EIB) will issue a loan of EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The corresponding project was approved by the financial institution on November 16. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating…
Shareholders of the public joint-stock company Kyivenergo have decided to reorganize business via dividing the company into types of activities, the company’s press service has reported. After the reorganization of Kyivenergo two new companies will be created: one will distribute electricity and operate power lines, and the other will supply electricity. This division is required…
Estonian wind energy company Eleon AS and international partners are working on a EUR 38 million project to develop a wind turbine with a capacity in excess of 10 megawatts, and expect to receive a decision from the European Commission on project financing under the Horizon 2020 measure early next year. “The decision can be…
The National Nuclear Generating Company Energoatom and Holtec (the United States) have started building a centralized spent nuclear fuel storage facility in the Chornobyl zone. “The project to build the centralized spent nuclear fuel storage facility in combination with the diversification of supplies of fresh nuclear fuel is an outpost of Ukraine against the hybrid…
Ukrenergo in January-September increased transmission of electricity through the backbone power grids by 5% (by 4.042 billion kWh) compared to the same period in 2016, to 84.28 billion kWh. According to a report posted on the company’s website, the cost of electricity transmission services rose by 25.8% over the nine months (by UAH 1.231 billion),…
Ukraine in January-October exported electricity valued at $209.293 million, in particular in October at $19.685 million. According to the State Fiscal Service, in January-October electricity was supplied to Hungary for the amount of $118.529 million, Moldova for $48.655 million, Poland for $31.485 million and other countries for $10.624 million. Thus, in monetary terms exports of…