The World Bank has decided to allocate USD 2012 million in a loan to Vyshhorod-based Ukrhydroenergo energy-generating company (Kyiv region) to install energy storage systems and construction of solar power plants.
The Energy and Environmental Protection Ministry has said this in a statement, Ukrainian News Agency reports.
According to the report, the financing is provided to install 197 MW energy storage systems combined with solar panels at four hydro-electric power stations (HEPPs) to be attracted to provide assistance to the national power network.
As Ukrainian News Agency earlier reported, in 2020, Ukrhydroenergo’s net profit rose by 28.4% or UAH 914.3 million over 2019 to UAH 4.137 billion.
At the same time, Ukrhydroenergo boosted its net revenue by 59.2% or UAH 4,891 million year over year to UAH 13.153 billion.
The 100-percent stake in Ukrhydroenergo belongs to the state and controlled by the Cabinet of Ministers of Ukraine.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.