The world Bank blesed the allocation of Ukraine about $400 million loan
The Board of Directors of the world Bank blesed granting Ukraine a loan of the international Bank restoration and development of 330 million dollars and the clean technology Fund in the amount of more than $ 48 million on the implementation of the Second project on electricity transmission, informs the press-service of the Ministry of Finance of Ukraine.
" The Board of Directors of the world Bank blesed provision to Ukraine of the loan from the international Bank restoration and development in the amount of 330 million and loans of the clean technology Fund in the amount of 48, 425 million dollars for the implementation of the Second project for the transmission of electricity, according to the report.
According to the Ministry of Finance, IBRD Loan will be raised to 18 years with 5 years grace period. Now the interest rate for the use of the loans is Usually 0, 6% per annum. The world Bank has granted Ukraine the opportunity within the loan to carry out the conversion of the interest rate and currency of the loan, that potential will give the opportunity to reduce the cost of its maintenance.
Loan Fund clean technology will be involved for 20 years with 10 years grace period, the interest rate is 0, 75%. It will be aimed at increasing the level of reliability of electricity supply through the rehabilitation of transmitting stations and upgrade the network transmission.
Ukraine from December 1, applies the emergency shutdown populations from electricity because of the lack of capacity in the power system, which is connected, as well as among them, with the shortage of coal. However, in different regions disable occur at different times and at different intervals, while the population does not warn about off the charts.