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  • Cooperation with EIB

    We actively develop cooperation with the European Investment Bank (EIB). Its mission in Ukraine is investments in large-scale infrastructure projects. Our cooperation helped substantially increase the utilization of rated capacity of nuclear power plants, reduce pollution and enhance stability of electricity supply to consumers. Joint projects:

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    [acc_item title=”750 kV Rivnenska NPP – Kyivska SS OL construction project“]

    The project’s key purpose is to facilitate the maximum utilization of rated capacity of Rivnenska and Khmelnytska NPPs, replace electricity generated by thermal power plants with cheaper electricity generated by nuclear power plants, thus saving gas, mazut and coal and reducing emissions of pollutants and greenhouse gases, and enhance stability of electricity supply to consumers of Kyiv electricity generation system by diverting surplus capacity from the western part of Ukraine’s IPS when both NPPs are located.
    Total Project value: EUR 300.0 million, including:
    EBRD loan: EUR 150 million (maturity date: 31.12.2017)
    Amount used: EUR 144.7 million (96% of the loan amount)
    EIB loan: EUR 150 million (maturity date: 30.06.2015, negotiation with EIB is underway to extend the loan until 31.12.2020 due to inclusion of an additional component to the Project: Brovarska 330 kV SS)
    Amount used: EUR 64.45 million (43% of the loan amount)
    Legal agreements:
    Loan Agreement between Ukraine and EBRD, signed on 28.02.20
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    [acc_item title=”750 kV Zaporizka NPP – Kakhovska SS OL construction project“]

    The project’s key purpose is to enhance reliability of operating modes in the southern part of the IPS of Ukraine by lifting power grid limitations on the output capacity of Zaporizka NPP, stabilize voltage in Pivdenna Power System, increase handling capacity of sections in the southern part of the IPS of Ukraine by enhancing connection of Kakhovka electricity generation system with trunk power grids of the IPS of Ukraine.

    Total Project value: EUR 350.0 million, including:

    EBRD loan: EUR 175 million (maturity date: 28.02.2017, to be extended until 31.03.2018 due to the entry into force of the Additional Agreement No 1 to the Loan Agreement, providing financing to the additional component: construction of Zakhidna 330 kV SS)
    Amount used: EUR 109.5 million (63%).
    EIB loan: EUR 175 million. Maturity date: 31.12.2016 (possible extension of the loan until 31.12.2020 is being considered due to inclusion of an additional component to the Project: installation of ВОЛЗ in the southern ring of Ukraine).
    Amount used: EUR 60 million (34% of the loan amount)
    Legal agreements:
    Loan Agreement between Ukraine and EBRD, signed on 19.10.2010, ratified on 06.07.2011 (Law of Ukraine No 3594-VI), and entering into force on 19.10.2012
    Project Agreement between Ukrenergo NPC SE and EBRD, signed on 19.10.2010
    Financial Agreement between Ukraine and EIB, signed on 16.09.2011, ratified on 18.09.2012 (Law of Ukraine No 5256-VI), and entering into force on 03.12.2012
    Project Agreement between Ukrenergo NPC SE and EIB, signed on 16.09.2011
    Based on international tenders held in 2013, five contracts worth the total of EUR 198.8 million have been signed within the Project’s framework:

    – construction of 750 kV Zaporizka NPP – Kakhovska SS OL, contractor: Instalaciones Inabensa, Spain;

    – construction of Kakhovska 750/330 kV SS with installation of АТ2 1000 MVA, including automatic control system for technological processes, relay protection and automatic equipment and relevant infrastructure, with Soyuz-Seti Engineering & Construction Company CJSC, Russia of 22.01.2014

    – construction of Kakhovska 750/330 kV SS with installation of АТ1 1000 MVA and relevant infrastructure, contractor: ABB AG, Germany – KEBK LLC, Ukraine;

    – construction of 330 kV Novokakhovska – Ostrovska OL input to Kakhovska SS, contractor: Dalekovod, Croatia

    – construction of 330 kV Novokakhovska – Khersonska OL input to Kakhovska SS, contractor: Dalekovod, Croatia

    Expected Project completion term: December 2020
    Presently, preparation of tender documentation for the Package 5 “Construction of Zakhidna 330 kV SS” is nearing the completion, and prequalification of companies willing to enter the tender for the Package 5 “Construction of Zakhidna 330 kV SS” is already underway. On 30 June 2016, 18 companies have applied for prequalification, and their applications are now being screened by Ukrenergo NPC SE. The prequalification phase is expected to be completed by the end of March 2017.

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