The Ministry of Energy and a German bank plan to implement new projects to modernize power transmission systems

The Ministry of Energy held a working meeting with representatives of the German state bank KfW to discuss the implementation of joint projects aimed at the reconstruction of substations and increasing the efficiency of electricity transmission, the press service reports.

Within the framework of these projects, it is envisaged to carry out the automation of 8 substations in the South-West region and the Podolskaya substation. The implementation of the project will contribute to the improvement of energy efficiency in the transmission of electricity and the future synchronization of the Unified Energy System of Ukraine with the European Network of Electricity Transmission System Operators (ENTSO-E).

Ukrenergo is already implementing two projects with KfW with a total cost of loans of 190.5 million euros. The projects provide for financing measures to improve the safety, reliability and efficiency of electricity supply through the reconstruction of substations that have been in operation for a long time and have, for the most part, electrical equipment that requires annual costs for its restoration and maintenance at the proper technical level, in particular, these are substations Kryvyi Rih, Dnipro-Donbas, Zaporizhzhia, Dniprovske, Kharkiv and Zaliutino.

To recap, the Minister of Energy said that in technical terms, Ukraine is ready for synchronization with the European market.

Prime Minister Denys Shmyhal noted that the economic benefits of synchronizing the UES with ENTSO-E amount to approximately $1.5 billion annually.

Tags: EU, ETL, electricity market, investments, Germany, modernization, infrastructure, energy sector, ENTSO-E, IPS, The Ministry of Energy, Halushchenko

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