The National Bank of Ukraine (NBU) has improved its estimate of the electricity deficit in Ukraine this year from 4% to 3% and next year from 2% to 1% due to rapid repairs and development of distributed generation.
“Rapid repairs of shunting generation and energy infrastructure, development of distributed electricity generation and renewable energy capacities against the background of maintaining sustainable electricity imports allow us to improve the estimate of the electricity deficit over the forecast horizon,” the NBU states in its April 2025 Inflation Report, comparing it with the January report.
According to the NBU, the deficit will almost disappear in 2027 (1%).
Thus, according to the report, the impact of energy supply restrictions on real GDP will decrease, and annual electricity imports in 2025-2027 will amount to about $0.5 billion.
As reported, at the end of 2024, the Ministry of Energy reported that the total capacity of distributed gas-fired generation units connected in Ukraine last year amounted to 967 MW, of which 835 MW were commissioned in 2024.
The National Bank of Ukraine (NBU) has improved its forecast for the electricity deficit in Ukraine this year from 4% to 3% and next year from 2% to 1% thanks to rapid repairs and the development of distributed generation.
“Quick repairs to maneuverable generation and energy infrastructure, the development of distributed electricity generation and renewable energy capacity, against the backdrop of sustained electricity imports, allow us to improve the estimate of the electricity deficit over the forecast horizon,” the NBU stated in its Inflation Report for April 2025, comparing it with the January report.
According to Nabank, the deficit will almost disappear in 2027 (1%).
Thus, the report states that the impact of energy supply constraints on real GDP growth will decrease, and annual electricity imports in 2025-2027 will amount to about $0.5 billion.
As reported, at the end of 2024, the Ministry of Energy reported that the total capacity of distributed gas generation facilities connected in Ukraine last year amounted to 967 MW, of which 835 MW were commissioned in 2024.
In March, Ukraine increased electricity exports by 131% to 76.3 thousand MWh, while imports increased by 11% to 272.3 thousand MWh, Ukrainian energy and climate think tank DiXi Group reported citing Energy map.
According to its information, half of electricity exports went to Hungary – 38.1 thousand MWh. Another 17.8 thousand MWh, which amounted to 23% of total exports, went to Moldova, 11.1 thousand MWh (15%) to Romania, 8.4 thousand MWh (11%) to Slovakia, and 1 thousand MWh (1%) to Poland.
At the same time, it is noted that compared to March-2024, exports fell by half – then it amounted to 154.1 thousand MWh.
According to DiXi Group experts, out of 272.3 thousand MWh of imports, the largest share came from Hungary – 113.8 thousand MWh (42%). Another 52.7 thousand MWh (19%) came from Slovakia, 48.1 thousand MWh (18%) from Poland, 44.6 thousand MWh (16%) from Romania, and 13.2 thousand MWh (5%) from Moldova.
Compared to March 2014, when imports amounted to 168.3 thousand MWh, its figures in March 2015 increased by 1.6 times.
The increase in purchases was recorded from almost all available directions (from 4% to 480%), except for Slovakia – the volume of imports from this country decreased by 28%.
In total, in March, the volume of imports was almost 4 times higher than exports, DiXi Group notes.
As reported, in February 2025, Ukraine increased electricity imports by 33% to 244.2 thousand MWh compared to January and reduced exports by 61% to 33.1 thousand MWh.
The development strategy of Kormotech, a leading Ukrainian pet food manufacturer, includes the use of green energy, and the company aims to provide up to 15% of its own generation by 2027, Kormotech’s Chief Operating Officer Igor Paranyak said in an interview with Interfax-Ukraine.
“Our strategy includes steps towards the use of green energy. At the moment, we have already implemented a project to install a 630 kW solar station at the first factory in Lithuania. At the new factory (Kėdainiai, Lithuania), we also plan to install solar stations on the roof of the factory; given the rather large area, almost 17 thousand square meters, it will be a large SPP. It is not part of this (EBRD loan – IF-U) project, we will implement it separately, but we plan to have 15% of our own electricity generation by 2027,” Paraniak said.
As reported, Kormotech has started construction of a new wet animal feed plant in Lithuania, in which it is investing EUR 60 million, of which EUR 40 million was provided by the EBRD. The planned capacity of the new plant is 40 thousand tons, and 200 jobs will be created. The first phase of the plant is scheduled to be launched in the second quarter of 2026, and all four phases by the end of 2028.
Kormotech is a global family-owned company with Ukrainian roots that has been producing high-quality food for cats and dogs under the Optimeal, Delickcious, Club 4 Paws, Woof, Meow! My Love. The company has production facilities in Ukraine and the EU. The product range includes more than 650 items. Kormotech is a leader in Ukraine, one of the TOP-50 global pet food producers and TOP-20 most dynamic pet food brands. Kormotech sells products of its own brands and its partners’ own brands to 46 countries.
The Kormotech Group of companies ended 2024 with $162.7 million in turnover, which is 6.5% more than in 2023. In total, last year the group of companies sold 83 thousand tons of dry and wet diets for cats and dogs, which is almost 7.5% more than in 2023.
In February 2025, Ukraine increased electricity imports by 33% to 244.2 thousand MWh compared to January and reduced exports by 61% to 33.1 thousand MWh, Ukrainian energy and climate think tank DiXi Group reported citing Energy map.
According to its post on Facebook on Wednesday, the total volume of imports exceeded exports by more than 7 times over the month.
Out of 33.1 thousand MWh of exports, the largest share went to Moldova – 15.5 thousand MWh (47%). Another 10 thousand MWh (30%) went to Hungary, 3.7 thousand MWh (11%) to Romania, 2.9 thousand MWh (9%) to Slovakia, and 1 thousand MWh (3%) to Poland.
DiXi Group experts note that during the last two decades of February, exports were almost non-existent due to a deficit in the power system as a result of massive Russian missile and drone strikes (February 1, 11 and 20), as well as a drop in air temperature.
On the contrary, imports in February, according to their data, increased, reaching 244.2 thousand MWh against 183.1 thousand MWh in January. Of this amount, 85.2 thousand MWh (35%) came from Hungary, 73.3 thousand MWh (30%) – from Slovakia, 46.3 thousand MWh (19%) – from Poland, 37.1 thousand MWh (15%) – from Romania, 2.3 thousand MWh (1%) – from Moldova.
The increase in imports was recorded in all available directions (from 34% to 80%), except for Poland, from which it decreased by 23%.
DiXi Group notes that compared to February 2024, when 84.1 thousand MWh were imported, imports have almost tripled.
Electricity imports in January 2025 decreased by 63.2% to 159.09 thousand MWh compared to December 2024, while exports increased 9 times to 63.4 thousand MWh, according to the Energy Map portal.
Thus, according to the calculations of the Energoreforma Internet portal, based on these data, electricity imports in January 2025 exceeded exports by 2.5 times.
Most of the electricity was imported in January from Poland – 50.78 thousand MWh (31.92% of the total). This was followed by Slovakia – 42.46 thousand MWh (26.69%), Hungary – 41.2 thousand MWh (25.9%), Romania – 23.38 thousand MWh (14.7%), and Moldova – 1.26 thousand MWh (0.79%).
In terms of exports in January, Moldova ranks first – 27.14 thousand MWh (42.81%) were supplied there. Hungary exported 21.12 thousand MWh (33.31%), Romania – 8.18 thousand MWh (12.9%), Slovakia – 6.27 thousand MWh (9.89%), Poland – 0.68 thousand MWh (1.08%).
As reported, electricity imports in December 2024 increased by 2.7 times compared to November – up to 433.4 thousand MWh, while exports decreased by 6.1 times – to 6.8 thousand MWh.
“In 2024, Ukraine imported 4436.6 thousand MWh of electricity, which was the highest figure for the last 11 years (actual data before 2014 are not publicly available). At the same time, electricity exports reached a historic low of 348.5 thousand MWh,” says the annual review provided to the Energoreforma project by DiXi Group, a Ukrainian energy and climate think tank.
