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Ukraine - Hydropower Rehabilitation and System Control Project (English)

The outcome of the Ukraine - Hydropower Rehabilitation and System Control Project was satisfactory, the sustainability was likely, the institutional development impact was modest, and the Bank and borrower performance were both satisfactory. The lessons learned indicated that it is important to have a reform-oriented government not only during the project preparation, but throughout the entire project cycle as well. The experience in Ukraine has shown that a reversal of the initially progressive course of economic reforms have adversely affected the implementation of the Bank's investment project. During the project preparation the government indicated that improving financial discipline in the energy sector, was a priority of its reform program, and the project generated specific pressure on the government to deliver in this regard. Cash collections reached their highest levels only when included as specific targets in the International Monetary Fund's Extended Fund Facility Program, and the Bank's Programmatic Adjustment Loan. The donors' working group on energy sector reforms has provided valuable assistance to the government's sector reform efforts.




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Ukraine - Hydropower Rehabilitation and System Control Project (English). Washington, D.C. : World Bank Group.