Economy 2022-06-15T04:49:16+03:00
Ukrainian news
World Bank Decides To Allocate USD 212 Million In Loan To Ukrhydroenergo To Install Energy Storage Systems And

World Bank Decides To Allocate USD 212 Million In Loan To Ukrhydroenergo To Install Energy Storage Systems And SPPs Construction

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World Bank, loan, Ukrhydroenergo, solar power plants

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.

Больше новостей о: World Bank loan Ukrhydroenergo solar power plants




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