DTEK Kiev Electric Grids plans to invest $355 million over the next five years to modernize the capital’s electricity system.

DTEK Kiev Electric Grids plans to invest $355 million over the next five years to modernize the capital’s electricity system. This investment is almost five times the investment of the prevous five years. With electricity consumption expected to grow by 9% by 2024, Kyiv city is now home to 3.7 million people, or 10% of Ukraine’s population. The development plan includes building four new large substations, 51 km of 110-35 kV power lines, the reconstruction of 231 energy facilities and 1,753 km of network lines. In addition, the portion of households with ‘smart meters’ is to triple, to 37% by 2024. This kind of meter allows a homeowner to monitor energy consumption on line.