Business news from Ukraine

Business news from Ukraine

Ukraine resumes electricity exports

8 April , 2023  

Ukrainian Energy Minister Herman Galushchenko signed a decree authorizing the start of the process of resumption of electricity exports in conditions of a surplus of generating capacity.
“The Ukrainian energy system has been operating without consumer restrictions with a capacity surplus for almost two months now. We achieved this result thanks to the titanic work of power engineers, our international partners, helping to restore the system. The most difficult winter is over. The next step is to open the export of electricity, which will attract additional financial resources for the necessary reconstruction of the destroyed and repair of the damaged energy infrastructure, “- said Galushchenko, as quoted in a message of the Ministry of Energy in Telegram channel late Friday night.
At the same time, the energy minister stressed that meeting the power needs of Ukrainian consumers is a priority.
“The export of electricity will work under the condition of providing the resource to Ukrainian consumers and may be terminated in the event of a change in the situation,” the minister assured.
As reported, export of electric power, which began last June, was stopped by order of the Ministry of Energy since October 11 after the beginning of massive attacks of Russian invaders on the energy system of Ukraine. According to the Ministry of Energy, the export of electricity to Moldova and EU countries during this time amounted to 2.6 billion kWh. Exporters of electricity directed 80% of the income from exports to maintain tariffs for the population within the framework of special obligations. As a result, according to calculations of the ministry, 2.8 billion hryvnias were allocated for this purpose.
The allowed European network of transmission system operators ENTSO-E capacity for exports is 400 MW, Ukraine on its part seeks to increase this capacity by several times.

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