Ukraine Erects Most Powerful Transmission Lines in Europe

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Ukraine Erects Most Powerful Transmission Lines in Europe

PR Newswire KYIV, Ukraine, September 21, 2012

KYIV, Ukraine,September 21, 2012/PRNewswire/ --

Ukrainelaunched the construction of a 353 kilometer long power line with the electricity transmission capacity of 750 kV. The new transmission line will be the fourth one inUkraineand inEuropewith such capacity. The other three connectUkrainewithPoland, HungaryandBulgariarespectively. When completed in 2014 the power line will enhance energy supply to central and southernUkraine, provide for reduced CO2 emissions, reduce dependence on foreign natural gas and fully utilize excess power production capacity at Ukrainian nuclear power plants.

The new power line will enable the country to fully exploit the underutilized capacity of Rivnenska and Khmelnytska power plants in westernUkraine. Each of these plants had two new power units installed back in 2004 with the power producing capacity of up to 5,000 MW total. However, due to the limited transmission capacities of the existing power lines the potential of western nuclear power plants could not be fully utilized. The new power line will also stabilize electricity supply to centralUkraine,Kyivand Odesa. Ukrainian experts predict that the annual cost saving introduced by the power line connecting western and central regions will reach UAH 900 million (approximatelyUSD 111 million). Importantly, the new project will help reduce consumption of natural gas, which goes along the lines ofUkraine'sstrategic goal - reaching energy independence. Under the updated draft of the Energy Strategy ofUkraineit is planned that by 2030 the country will increase electricity production by 45.44 percent up to 282 billion kWh compared to 194 billion kWh which are currently produced. Moreover, burning less natural gas and oil to produce electricity in central regions will consequently reduce emissions of hazardous substances into atmosphere. The cost of the construction works totals up toEUR 400 millionwithEUR 300 millionbeing secured by the EBRD and the remainingEUR 100 million- by Ukraine'sstate company NPC Ukrenergo. Notably, inSeptember 2011the European Investment Bank and theUkraine'sNPC Ukrenergo signed aEUR 175 millionagreement, which stipulates the construction of the new power line on Europe'slargest nuclear power station in Zaporizhzhia,Southern Ukraine. This will help unblock the 700 megawatt capacity at the Zaporizhzhia nuclear power station.