Second Power Transmission Project
Category: MCF
Second Power Transmission Project in Ukraine, expected MDB approval December 2014.
This document outlines the Second Power Transmission Project in Ukraine, supported by a US$48.425 million loan from the International Bank for Reconstruction and Development (IBRD) under harder terms, as part of a larger financing package totaling US$1,780.925 million (including US$332.5 million from IBRD, US$1,400 million from private sector equity/debt, and the CTF loan). The project is implemented by the National Power Company Ukrenergo (UE) with the World Bank as the implementing MDB. The primary purpose is to introduce Smart Grid technologies into Ukraine's power transmission system. Key objectives and expected outcomes are detailed in referenced sections (pages 7, 21, 61). The project is assessed against Clean Technology Fund (CTF) investment criteria, including potential for GHG emissions savings (estimated at 2.8 million tCO2/yr), cost-effectiveness, demonstration potential at scale, development impact, implementation potential, and additional costs and risk premium (pages 65-70). Expected co-financing indicators include leveraging US$1,732.5 million through CTF funding and adding 1,100 MW of installed power generation capacity. Stakeholder engagement and gender considerations are addressed (pages 15-16, 42, 66). The expected date for MDB approval was December 2014. No specific national regulations or statutes are named in the provided text.
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Full text:
Cover Page for CTF Project/Program Approval Request 1. Country/Region Ukraine 2. CIF Project (CIF AU will ID# assign ID.) 3. Project/Program Title Second Power Transmission Project 4. Terms and Amount Public sector Requested in million Loan/guarantee USD equivalent Harder terms: US$48.425 million Softer terms: Grant: Fee (on grant): Total: US$48.425 million Private sector Loan/guarantee: Grant: Fee: Total: 5. Implementing MDB(s) World Bank 6. National Implementing National Power Company Ukrenergo (UE) Agency 7. MDB Focal Point Gevorg Sargsyan (CTF Program Manager, World Bank) 8. Brief Description of Project/Program (including objectives and expected outcomes) See pages 7 (Project Description), 21 (Detailed Project Description), and 61 (CTF Annex: Second Power Transmission Project: Introduction of Smart Grid Technologies) 9. Consistency with CTF Investment Criteria For Public Sector Projects: For Private Sector Projects/Programs: (1) Potential GHG Emissions Savings (1) Potential GHG Emissions Savings See page 67 (CTF Annex: Potential for GHG (2) Cost-effectiveness Emissions Savings). (3) Demonstration Potential at Scale (4) Development Impact (2) Cost-effectiveness (5) Implementation Potential See page 68. (6) Additional Costs and Risk Premium (3) Demonstration Potential at Scale (7) Financial Sustainability See page 65. (8) Effective Utilization of Concessional Finance (4) Development Impact (9) Mitigation of Market Distortions See page 66. (10) Risks (5) Implementation Potential See page 69. (6) Additional Costs and Risk Premium See page 70 10. Stakeholder Engagement See page 16 (paragraphs 76-77). 11. Gender Considerations See pages 15 (paragraph 70), 42 (paragraph 46), and 66 (paragraph 30). 12. Co-financing Indicators and Targets (consistent with results framework)
Tags: Climate Finance, Development, Electricity, Energy, Energy Supply, Funding, Ghg, Infrastructure, Investment, Loan, Mitigation, Power Plant, Technology
Sector: Public Sector