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China Development Bank pledges loan to Phase III of Reconstruction of 1,000 MW Kaniv Hydro Pumped Storage Plant Project in Ukraine
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Government of Ukraine |
| Country | Ukraine |
| Start Date | Jan 01, 2018 |
| End Date | Oct 04, 2026 |
| Duration | 3,198 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 66358 |
Grant Description
China Development Bank pledges loan to Phase III of Reconstruction of 1,000 MW Kaniv Hydro Pumped Storage Plant Project in Ukraine In 2018, China Development Bank pledged an unknown loan amount for the reconstruction of the 1,000 MW Kaniv Hydro Pumped Storage Plant in Ukraine. The plant is receiving funding from not only CDB but also from the European Investment Bank.
As of 2018, the project is still seeking other financiers. The plant completed phase I from 1997 to 2002 and phase II started in 2006. The project will be constructed by CMEC and CCEC who signed a memorandum of understanding in 2018. These companies will also work with the Turkish company Ozaltin Holding who signed an MOU in 2019.
The current status of the plant is unknown.
Sources & References
- Info memo on construction of 1,000 MW Kaniv Hydro Pumped Storage Power Plant
- Kaniv PSP, Канівська ГЕС
- CMEC Chairman Zhang Chun Meets with Ukraine National Hydropower Company General Manager Sirotta
- 乌克兰水电公司与土耳其公司签署卡涅夫抽水蓄能电站合作备忘录
- Technology transfer in the hydropower industry: An analysis of Chinese dam developers’ undertakings in Europe and Latin America Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Ukraine
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