KYIV. June 2 (Interfax-Ukraine) – ENTSO-E (the European Network of Transmission System Operators for Electricity) has agreed the final version of the agreement on the joining of Ukrainian and Moldovan energy systems to the continental network of Europe.
According to the press service of Ukrenergo, the decision was made in Lisbon (Portugal) on May 23. The agreement is to be signed in June 2017.
“The signing of the agreement in June 2017 should be the starting point for the beginning of integration of the united energy system of Ukraine to the European Union,” the report reads.
The press service said synchronization with ENTSO-E will enhance the reliability of the united energy system of Ukraine and, in particular, reduce the dependence on stability of coal supplies to power stations. Ukraine will also be able to receive technological assistance from the neighboring energy systems.
Simultaneous work with ENTSO-E will allow increasing exports of electricity to Europe, which will automatically improve the investment attractiveness of the country’s energy sector. In particular, exports could increase from the current 5 billion kWh to 18-20 billion kWh with additional revenues of up to $1.5 billion. At the same time, Ukrainian hydropower plants will be able to take part in balancing peak loads of adjacent power systems of European countries.
