Business news from Ukraine

Nova Group has set up company to develop its own generation

12 April , 2024  

Due to Russia’s strikes on the power grid, Nova Group has decided to set up Nova Energy to develop regular power generation, ensuring the autonomy of the company’s facilities, said Volodymyr Popereshnyuk, co-owner of Nova.

“When the Russians have recently started to hit the power generation, we realized that we needed to strengthen the autonomy of energy supply. We created Nova Energy, which will generate energy on a regular basis, including electricity generated by the sun and gas,” Popereshnyuk wrote on Facebook on Thursday.

He expressed hope that other companies would do the same.

“If regulations and bans do not interfere, entrepreneurs will very quickly create the capacities necessary for the economy. Because there are no problems that entrepreneurs are not able to solve,” Popereshnyuk wrote.

He recalled that at the beginning of the full-scale war, when Russia attacked Ukrainian refineries and oil depots, which led to an acute fuel shortage on the fuel market, Nova began purchasing fuel trucks, tanks, tanks, and fueling complexes to strengthen its fuel security and autonomy.

“Now we provide 60% of the fuel we need with our own resources,” said Popereshnyuk.

During the first wave of attacks on energy facilities in Ukraine in the fall and winter of 2022, Nova provided generators and batteries to its network of branches and sorting centers.

Earlier, Volodymyr Kudrytskyi, Chairman of the Board of NPC Ukrenergo, said that it would be advisable for industrial electricity consumers to consider providing themselves with their own generation to strengthen their energy resilience in the face of Russian attacks on the power system.

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