Public joint-stock company Kyivenergo, which operates the energy network in Kyiv, plans in 2013-2014 invest some UAH 200 million in increasing the reliability of the power supply to Podilsky District and the central part of Kyiv, the company's press service reported on Monday.

The press service said that investment would be allocated to reconstructing the Olenivska 35/10 kV substation, which was commissioned in 1974, which is the key source of power in the Podilsky District and partially in the central part of the capital, and in increasing its capacity.

Kyivenergo said that with the increase in power consumption in the business district of the capital, the reconstruction of the Olenivska substation, raising its voltage class to 110 kV and its capacity from 22 MW to 56 MW, will allow new consumers to be connected, while also increasing the reliability of power supplies from 2014, including to the new subway line to Troyeschyna District.

In 2013, the energy company will modernize Distribution Substation 1, build two 10 kV cable lines of 3.1 kilometers and two 110 kV cable lines 3.5 kilometers each, and will start reconstructing the Olenivska substation.

The end of the reconstruction of the Olenivska substation is scheduled for 2014.

Kyivenergo operates almost all of power facilities located in the capital, except for Darnytsia combined heat and power plant.

The largest vertically integrated energy holding of Ukraine, DTEK, owns 72.33% of Kyivenergo, while Energy Company of Ukraine owns a 25% plus one share stake in the capital's power company.