PJSC Ukrnafta has signed a memorandum of cooperation with Deutsche Bank to attract financing for the construction of a gas-fired maneuverable generation facility, the company’s press service has reported.
In addition, the company signed a memorandum of understanding with Siemens Energy at the conference on Ukraine’s recovery held in Berlin. The agreement will help obtain expertise and develop new projects based on steam and gas turbines for combined heat and power generation.
“The most important issue now is to strengthen the Ukrainian energy system, which has been devastated by Russian attacks. Decentralization and increasing efficiency. “Ukrnafta has become part of this process. It is part of the company’s ESG strategy, particularly as an organic process of expanding the value chain. It is also important from the point of view of the company’s social responsibility,” said the company’s director Serhiy Koretskyi.
Earlier, Ukrnafta and Ukrhydroenergo said that EUR300m allocated by the European Bank for Reconstruction and Development (EBRD) to support Ukraine’s energy sector will be used to implement their projects to restore generating capacity by building new maneuverable generation.
As reported, Ukraine, with the help of partners, intends to build up to 1 GW of gas-fired maneuverable generation in 2024 and another 4 GW in the coming years.
“Ukrnafta” – the largest oil company in Ukraine, is the operator of the national network of gas stations of 537 stations, of which 456 are in operation. The company is implementing a comprehensive program to revitalize its operations and update the format of its network’s gas stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTACard, sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share stake. On November 5, 2022, the Supreme Commander-in-Chief of the Ukrainian Armed Forces decided to transfer to the state the share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.
