Business news from Ukraine

Business news from Ukraine

“Ukrenergomashiny” plans to allocate 60 mln hryvnias toward production modernization in 2026

29 April , 2026  

In 2026, JSC “Ukrenergomashiny” plans to invest approximately 60 million UAH in production development, specifically for the purchase of new equipment, major repairs and modernization of existing equipment, and the provision of technological equipment for workplaces.

“The total planned capital investment for 2026 amounts to UAH 60 million. Funding will be provided from the company’s own funds,” according to the company’s 2025 financial report published in the disclosure system of the National Securities and Stock Market Commission.

In particular, it is planned to allocate UAH 33.5 million in investments to improve the technical level of mechanical assembly, metallurgical, and welding operations, installation work, and equipment modernization; UAH 12.4 million toward the development of auxiliary production and laboratory facilities, office equipment, and tools, and UAH 14 million toward design, research, development, and technological work.

As reported, in 2025, Ukrenergomashiny increased its net revenue by nearly 33% compared to 2024—to 1.06 billion UAH—and its net profit by 3.5 times, to 3.07 million UAH.

According to the report, exports accounted for 70.7% (nearly UAH 770 million), including shipments to Kazakhstan, India, Armenia, Bulgaria, and Hungary.

Last year, in particular, a steam turbine was delivered for the Aksu TPP and power equipment for the Ekibastuz Thermal Power Plant (Kazakhstan), a set of power equipment for the Kozloduy NPP (Bulgaria) and the Armenian NPP, and sets of power (turbine) equipment for the Bandel TPP (India).

Domestic customers were supplied with equipment for the Khmelnytskyi, Rivne, and South Ukraine NPPs, as well as the Dobrotvor, Trypillya, Zmiiv, Kryvyi Rih, Burshtyn, and Darnytsia TPPs, and the Kremenchuk HPP.

Motor equipment was supplied, in particular, to Tatra-Yug LLC (83 traction electric motors), the Kryukiv Electric Locomotive Plant (18 induction generators), and Ukrzaliznytsia (41 induction generators).

JSC “Ukrenergomashiny” (formerly JSC ‘Turboatom’ and “Elektrovazhmash”) is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures, in particular, electric motors for rail and urban transport (the “Elektrovazhmash” product line).

As of early 2026, the company employed 2,169 people.

At the same time, the report notes that, in accordance with orders from the CEO, under martial law conditions—taking into account the state of production, its supply of material and energy resources, and with the aim of rationally utilizing working hours and financial resources—a part-time work schedule has been established for the company’s employees.

“Employees of JSC ‘Ukrenergomashiny’ work according to schedules based on the company’s needs,” the document states.

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