Business news from Ukraine

Business news from Ukraine

GTSOU to invest UAH 813 mln in development of gas transmission system

28 March , 2024  

In 2024, Gas TSO of Ukraine LLC (GTSOU) plans to invest UAH 812.923 million in the development of the gas transmission system through depreciation charges.

This is stated in the resolution of the National Energy and Utilities Regulatory Commission (NEURC) on the approval of the GTSOU’s GTS Development Plan for 2024-2033, approved at a meeting on Wednesday.

“The main directions of the Gas Transmission System Development Plan for the first year (investment program for 2024) of the 10-year development plan are financing for: compressor stations – UAH 431,768 thousand (excluding VAT), gas distribution stations – UAH 60,226 thousand, gas pipelines – UAH 53,037 thousand,” the regulator said in its justification for the approved document.

In 2024, GTSOU also plans to spend UAH 85,996 thousand on the implementation and development of information technologies, UAH 63,200 thousand on the purchase of diagnostic and inspection devices and other devices, UAH 53,017 thousand on the modernization and purchase of vehicles, special machines and mechanisms, UAH 48,240 thousand on the purchase of production equipment, and UAH 17,439 thousand on industrial buildings and design and survey works.

The overall 10-year plan for the development of Ukraine’s GTS provides for a total funding of UAH 43.756 billion.

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