Business news from Ukraine

Business news from Ukraine

Czech Republic is ready to support Ukraine and invest in energy independence

3 September , 2023  

This was discussed at a meeting of the Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Hanna Zamazieieva with representatives of the Czech RSJ Investments Foundation and their partner company.
The Czech partners assured of their desire to help Ukraine and Ukrainian communities become less energy dependent through bioenergy projects.
The Czech Fund is considering installing biomass boilers in Ukraine. The scale of the plans is impressive: the total capacity of the boiler houses is 80 MW, and the amount of investment is more than €12 million. The ultimate goal is to ensure uninterrupted heat supply in Ukrainian hospitals and other institutions.
“Such projects as alternative fuel boiler houses are one of the most relevant solutions for Ukrainian communities. It is an opportunity to provide heat, first of all, to critical infrastructure facilities, even during energy challenges,” emphasized Hanna Zamazeyeva.
The Chairman presented the significant potential of Ukrainian bioenergy, the legislative framework and the initiatives that the Agency’s team is working on to stimulate investment in this area.
The parties went through all the obstacles faced by market participants and discussed various ways to overcome them.
As a result of the meeting, the participants agreed to consolidate efforts to develop heat production from alternative fuels and the cultivation of energy crops.

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