Ukrenergo signs contract with ALSTOM/ChESM consortium to rehabilitate two substations worth EUR 18 mln
National energy company Ukrenergo has signed a contract with the ALSTOM/ChESM consortium (Germany/Ukraine) for the rehabilitation of the 330 kV Kirovska substation and the 330 kV Dnipro-Donbas substation, the press service of the company reported on Wednesday.
The press service said that the cost of the contract is EUR 18.1 million and the completion period is three years and a half. The substations will be rehabilitated as part of the Power Transmission Efficiency Project (rehabilitation of substations) financed by the German government and German Development Bank KfW.
The contract signed is a first contract as part of cooperation of Ukrenergo with KfW and the German government in rehabilitation of facilities of the Ukrainian power grid.
As reported, Ukraine and Germany on December 30, 2011 signed a credit agreement worth EUR 65.5 million for the rehabilitation of substations of Ukrenergo (Power Transmission Efficiency Project).
The total cost of the project is EUR 80.4 million, and the German government will finance EUR 40.5 million, KfW – EUR 25 million and Ukraine will provide the rest of the money.
