Business news from Ukraine

Business news from Ukraine

GE Vernova to supply two mobile substations to Zaporizhzhyaoblenergo for EUR13 mln

French company GE Vernova and PJSC Zaporizhzhyaoblenergo have signed a EUR13 million agreement to manufacture and supply two mobile substations to the network operator to strengthen the region’s energy resilience, according to the government’s Telegram channel.

“This contract is the last one under the EUR200 million intergovernmental grant agreement between Ukraine and France. Within its framework, 19 projects have been approved in the fields of energy, healthcare, water supply, transport, and demining,” the statement said.

It specifies that 50% of the EUR200 million in non-repayable aid can be used to purchase Ukrainian goods and services.

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