The World Bank’s Board of Directors has approved a $ 212 million grant to Ukrhydroenergo for the manufacture of hybrid power generation systems. This was announced the day before by the press service of the World Bank.
“The project will increase the flexibility of the Ukrainian energy system, which will help synchronize with the European energy network and decarbonise the energy sector,” the statement said.
In particular, the International Bank for Reconstruction and Development (IBRD) will allocate $ 177 million to Ukrhydroenergo, the Clean Technologies Fund (CST) – $ 35 million, including $ 1 million in the form of a grant.
“WB financing will help reduce the risks associated with the synchronization of the Ukrainian energy system with the European energy network and help decarbonise it by supporting the integration of renewable energy, which should be more,” the Bank added.
In early June, the Cabinet of Ministers approved a decision to raise $ 211 million in state guarantees for Ukrhydroenergo from the IBRD and the FCT as part of a project to increase the sustainability of the energy system, which provides for the installation of hybrid power generation systems.
The funds will be used to install 197 MW of lithium-ion energy storage systems (CHP) at Kyiv PSP (46 MW), Kaniv HPP (3×22 MW), Kremenchug HPP (60 MW) and Middle Dnieper HPP (25 MW) in order to provide ancillary services for frequency and power regulation. Another 15 MW of zinc-air SNE will be installed at the Dniester HPP.
In addition, 10.6 MW, 13.5 MW, 6.5 MW, 5.3 MW and 28 MW solar photovoltaic plants will be installed at the above stations (63.9 MW respectively).
Hybrid battery-powered power plants will allow Ukrhydroenergo to provide the Ukrenergo transmission system operator with an additional reserve to maintain the frequency and expand the regulatory range of the automatic frequency recovery reserve, which is necessary to ensure reliable operation and operational safety of Ukrainian UES and electricity quality.
Ukrhydroenergo operates all major hydropower plants located on the Ukrainian sections of the Dnieper and Dniester. The total installed electric capacity of the hydropower plants of the general company is 5744.8 MW.
Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]
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From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
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Shares of Ford Motor Co dropped to 1.93% on Friday after the closing of trading on Thursday, automaker reported results of achievement in three months from April to June. Since the beginning of the year, Ford shares have fallen by 28.9%. Ford Motor reported second-quarter losses of – $ 0.35 per share, which is better […]Next
In February, the number of new orders for aircraft in the US aerospace Boeing Corporation for the first time since November 2019 exceeded the number of cancellations. So, last month Boeing sold 82 planes and registered 51 cancellations of orders for aircrafts. At the same time, Boeing has launched 22 aircraft, including 18 aircraft 737 […]Next
Problems with the supply of the AstraZeneca vaccine to the European Union are partly because the contract plant in the Netherlands has not yet delivered a single dose, the Financial Times reported on March 14. The Leiden plant is one of the main producers of the active substance of the vaccine, along with the plant […]Next
Shares of the Johnson & Johnson may slow because the last stimulus to it was the company’s transition to the final clinical trial of the vaccine against COVID-19 on September 23, after which the shares rose by more than 5%. However, as of Tuesday, before the opening of trading, the price of J&J shares did […]Next
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The electronics company LG has completely stopped producing smartphones. The latest gadgets of this brand are Velvet 2 Pro and LG Rollable. These smartphones never hit the free market. And the rest of the models LG sells to its employees working in South Korea. By the way, the only factory that specialized in the manufacture […]Next
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Naftogaz has signed a memorandum with the Israeli company Naphtha Petroleum on possible geological exploration of hydrocarbons on the Black Sea shelf. This was reported by the press service of Ukrgazvydobuvannya. It is noted that Naphtha Petroleum has proven experience with the necessary deepwater technologies and business relationships with leading operators in the development of […]Next
Volkswagen AG, probably close to an agreement with the California regulator, who previously rejected a proposal by the German automaker recall cars in the framework of the settlement of the consequences of “diesel scandal”. Mary Nichols, head of the California Air Resources Board Protection (California Air Resources Board, CARB) said that the negotiations with Volkswagen […]Next
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