The World Bank’s Board of Executive Directors approved Monday a USD 378.425 M loan for the development of Ukraine’s energy sector.
The sum was allocated to a project aimed at improving the reliability of Ukraine’s power transmission system and supporting the implementation of the Wholesale Electricity Market in the country, according to a media statement of the World Bank.
By backing the so-called Second Power Transmission Project, the Bank seeks to step up support for energy sector reforms in Ukraine.
The project includes a USD 48.425 M loan provided by the Clean Technology Fund (CTF), which will be used to assist Ukrenergo in …read more
Source: Novinite
