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Forecast of the development of the electricity market by simulating the wholesale market and the surrounding countries Survey the present state of the Transmission Network and its investment needs Implement an effective financial, accounting, and treasury functions of TSMO and Market Operator Revise the Market Code prepared by the Energy Regulatory Office and transform it

Review the operations of generation, transmission, distribution and supply functions and unbundle transmission at the management and accounting levels Develop management and operating systems to improve network economics and security of supply, as well as improve tariff systems, billing, collection, and costumer care Monitor the supply and set-up of the SCADA system for the transmission

Assist with transitional steps for unbundling and establishing a sector regulator Prepare draft decrees for legal restructuring and charters for unbundled entities Value assets, allocate assets to new legal entities, and prepare balance sheets Create generation, transmission and distribution entities and a Market Operator Design a financial settlement mechanism and an escrow account Draft model

Review sector policy, institutions, and regulatory framework Assess sector development and investment plans Assess risks associated with the sector and recommend mitigation measures Examine enabling PPP environment and potential for a pilot PPP in distribution Conduct surveys and technical due diligence and identify least cost technology Prepare and assist with the approval of the feasibility

The EBRD is considering a loan of up to EUR 8m to the Communal Enterprise Odesmiskelectrotrans in Odessa, to finance the acquisition of up to 47 new trolleybuses and rehabilitation/modernisation of essential maintenance equipment. The Company is a wholly-owned municipal public transport operator providing transportation services in the City. The Project will address key challenges in public transport infrastructure development in the municipality of Odessa, relating to improving access to clean urban transport, and improving the capacity and efficiency of public transport services. The EBRD”s investment will enable the Company to make trolleybus operations more efficient through improved accessibility, increasing the average service speed, decreasing maintenance intensity and costs, and upgrading the fleet with 20-25 percent more energy-efficient vehicles. As part of the EBRD”s framework contract, the Company has requested a Corporate Development Programme and Stakeholder Participation Programme.