| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 177.00 |
| Borrower/Recipient | 38.00 |
| Clean Technology Fund | 35.00 |
Improving Power System Resilience for European Power Grid Integration
Abstract*
The development objective of the Improving Power System Resilience for European Power Grid Integration Project for Ukraine is to enhance the flexibility of the Ukrainian power grid through storage investments and market expansion to support synchronization with the European electricity grid and decarbonization of power sector. The project comprises of two components. The first component, installation of battery energy storage system (BESS) with solar... Show More
Development Objective
To enhance the flexibility of the Ukrainian power grid through storage investments and market expansion to support synchronization with the European electricity grid and decarbonization of power sector.
Key Details
Project Details
P176114
Active
Koji Nishida , Silvia Martinez Romero, Steven Clarke
PJSC “Ukrhydroenergo"
March 15, 2021
(as of board presentation)
June 30, 2021
June 10, 2022
US$ 250.00 million
PJSC “Ukrhydroenergo"
2021
US$ 212.00 million
N/A
March 18, 2024
December 31, 2026
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 177.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 177.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 35.00 |
| Total Project Cost** | 250.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Feb 12, 2024 | IBRD-92840 | Loan Disb | 15,000.00 |
| Aug 15, 2022 | IBRD-92840 | Int Charges | 1,477.62 |
| Feb 15, 2024 | IBRD-92840 | Int Charges | 222,339.89 |
| Feb 15, 2024 | IBRD-92840 | Int Charges | 15,516.95 |
| Jun 28, 2024 | IBRD-92840 | Loan Disb | 4,281,600.00 |
| Jun 30, 2021 | IBRD-92840 | Loan Commitment | 177,000,000.00 |
| Jun 30, 2021 | TF-B5994 | Loan Commitment | 34,000,000.00 |
| Feb 15, 2023 | IBRD-92840 | Int Charges | 0.88 |
| Feb 15, 2023 | IBRD-92840 | Int Charges | 723.93 |
| Feb 15, 2023 | IBRD-92840 | Int Charges | 222,494.64 |
| Feb 15, 2023 | IBRD-92840 | Int Charges | 10,965.80 |
| Aug 15, 2023 | IBRD-92840 | Int Charges | 13,343.00 |
| Aug 15, 2023 | IBRD-92840 | Int Charges | 477.48 |
| Aug 15, 2023 | IBRD-92840 | Int Charges | 218,867.02 |
| Dec 12, 2023 | IBRD-92840 | Loan Disb | 12,600.00 |
| Dec 21, 2023 | IBRD-92840 | Loan Disb | 420.00 |
| Aug 15, 2024 | IBRD-92840 | Loan Disb | 6,400.00 |
| Aug 15, 2024 | IBRD-92840 | Int Charges | 0.47 |
| Aug 15, 2024 | IBRD-92840 | Int Charges | 95.97 |
| Aug 15, 2024 | IBRD-92840 | Int Charges | 218,036.27 |
| Aug 15, 2024 | IBRD-92840 | Int Charges | 16,354.61 |
| Jun 10, 2022 | IBRD-92840 | Loan Disb | 442,500.00 |
| Jun 10, 2022 | IBRD-92840 | Fee Charges | 442,500.00 |
| Aug 5, 2022 | IBRD-92840 | Loan Disb | 12,852.00 |
| Aug 15, 2022 | IBRD-92840 | Int Charges | 334,401.84 |
| Feb 15, 2024 | IBRD-92840 | Int Charges | 132.41 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Satisfactory | 2024-12-03 |
| Project Management | Satisfactory | 2024-12-03 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-12-03 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-12-03 |
| Financial Management | Satisfactory | 2024-12-03 |
| Monitoring and Evaluation | Satisfactory | 2024-12-03 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Newly installed capacity of battery storage Value 0.00 0.00 200.00 Date March 19, 2021 November 9, 2023 April 30, 2027 Comment Available Frequency Containment Reserve (FCR) amount Value 177.00 177.00 300.00 Date March 19, 2021 November 9, 2023 April 30, 2027 Comment Reduced renewable energy curtailment Value 0.00 0.00 12.70 Date March 19, 2021 November 9, 2023 April 30, 2027 Comment Number of units (power plants/storage units) certified for trading in Ancillary services market Value 32.00 32.00 40.00 Date March 21, 2021 November 9, 2023 April 30, 2027 Comment Reduced GHG emissions Value 0.00 0.00 124721.00 Date April 7, 2021 November 9, 2023 May 31, 2027 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Ancillary services battery storage procured and installed Value No No Yes Date March 21, 2021 November 9, 2023 April 30, 2027 Comment Long-duration battery procured and installed Value No No Yes Date March 21, 2021 November 9, 2023 April 30, 2027 Comment PV solar procured and installed Value No No Yes Date March 21, 2021 November 9, 2023 April 30, 2027 Comment Supervision consultant mobilized Value No No Yes Date March 21, 2021 November 9, 2023 April 30, 2027 Comment ASM rules updated to increase market competitiveness and enable storage participation Value No No Yes Date March 24, 2021 November 9, 2023 April 30, 2027 Comment Grid code updated to include connections and operation rules for storage Value No No Yes Date March 24, 2021 November 9, 2023 April 30, 2027 Comment Monitoring methodology for ancillary services at unit level implemented Value No No Yes Date March 24, 2021 November 9, 2023 April 30, 2027 Comment Number of staff trained on gender awareness Value 0.00 0.00 500.00 Date March 24, 2021 November 9, 2023 April 30, 2027 Comment Percentage increase of women employed by UHE Value 0.00 0.00 10.00 Date March 24, 2021 November 9, 2023 April 30, 2027 Comment Number of roundtables on storage systems and electromobility where citizens receive answers to their concerns Value 0.00 0.00 5.00 Date April 9, 2021 November 9, 2023 September 30, 2026 Comment Number of participating companies in Ancillary Services Market Value 4.00 4.00 6.00 Date April 15, 2021 November 9, 2023 September 30, 2026 Comment