Business news from Ukraine

Business news from Ukraine

PM SHMYGAL SAYS THAT BY END OF YEAR UKRAINE WILL EXPAND POSSIBILITIES OF EXPORTING TO EU UP TO 800 MW OF ELECTRICITY PER DAY

25 May , 2022  

Prime Minister Denis Shmygal says that by the end of the year Ukraine plans to expand the capabilities of Ukrainian energy companies, and will be able to export to the European Union about 800 MW of electricity per day.
“In mid-March, Ukraine joined the European network ENTSO-E ahead of schedule… Ukraine is already exporting its electricity to Europe,” Shmygal told a government meeting on Tuesday.
According to the Prime Minister, in April, electricity exports to Poland increased by 35% compared to pre-war January.
“By the end of the year, we plan to expand the capabilities of Ukrainian energy companies, and will be able to export to the EU about 800 MW of electricity per day. This will help Europe to abandon the consumption of Russian coal and reduce the consumption of Russian gas, “he said.

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