Business news from Ukraine

Business news from Ukraine

Ukraine and EU agree on substantial increase in electricity imports

29 October , 2024  

Ukraine and the EU have agreed to increase the capacity of electricity imports during the winter months to 2.1 GW, Ukraine’s Energy Ministry said Tuesday.

“Starting December 1, the maximum capacity of imports of e/e from EU countries will be increased from the current 1.7 GW to 2.1 GW. This will increase the resilience of the Ukrainian energy system in the face of criminal Russian shelling and infrastructure destruction. I am grateful to European partners, in particular to European Commissioner Kadri Simson for their consistent position and effective steps to support our energy system on the eve of winter,” Energy Minister German Galushchenko was quoted by the press service as saying.

Ukraine will also additionally have an opportunity for guaranteed 250 MW of overflow capacity from the EU in emergency assistance mode.

As the Energy Ministry recalled, the need to make an important decision for Ukraine on increasing the import capacity was discussed at a meeting between Ukrainian President Volodymyr Zelenskyy and European Commission President Ursula von der Leyen in September in Kiev.

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