KYIV, May 5 – The European Bank for Reconstruction and Development (EBRD), together with Ukrenergo, is developing a project of building a 200 MW power storage system to regulate frequency in the grid, Olga Yeriomina, the EBRD senior banker for power and energy projects, said.

"The EBRD, together with Ukrenergo, is really working on a project to build an energy storage facility that would not need a feed-in tariff and that could solve the issue of regulatory capacities and reduce the price of electricity in the market. We are considering the possibility of financing a 200 MW construction," she said at an online meeting at the Energy Club.