Business news from Ukraine

Business news from Ukraine

Ukraine is interested in attracting Slovak investors to energy sector of Transcarpathia

1 August , 2023  

Deputy Energy Minister of Ukraine Yaroslav Demchenkov and State Secretary of the Ministry of Economy of Slovakia Peter Shvets discussed the possibilities of expanding the activity of Slovak business in the Transcarpathian region, in particular, in the area of expanding the potential of wind generation.

“There is a strong export-import potential between our countries, we are working on expanding energy corridors and creating infrastructure projects of common interest, both in the electricity and gas sectors, including renewable gases,” Demchenkov said during the meeting, as quoted by the Energy Ministry on Monday.

According to the ministry, more than 200 companies from other regions of the country have relocated to Transcarpathia since the start of the Russian occupiers’ full-scale invasion of Ukraine, causing the region’s electricity consumption to rise.

“So, it is necessary to focus on additional capacity, creation of balancing systems, strengthening of grids, implementation of new infrastructure projects, as well as development of production of equipment necessary to accelerate the green transition,” the ministry emphasized.

As noted in the Ministry of Energy, recently in one of the communities of Zakarpattia region held public hearings, where the idea of creating a wind park to cover its own demand and export electricity was positively received.

“The potential of bioenergy is also being studied,” the ministry added.