Ukrenergo is to invest €357 mln to synchronize Ukraine’s electricity supply system with ENTSO-E

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Over the next three years, Ukrenergo is to invest €357 million to synchronize Ukraine’s electricity supply system with ENTSO-E, the European Network of System Operators of Transmission of Electricity.

Ivanna Klimpush-Tsintsadze, deputy prime minister for European integration, told a conference last month that 40% of this money is to come from foreign sources: the EU, the US, the World Bank, the European Investment Bank, and KfW, Germany’s development bank.

Compliant with the EU’s Third Energy Package, the new energy laws were required by the EU and the IMF for continued soft loans.

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