Business news from Ukraine

Business news from Ukraine

Ukraine will focus on construction of small-scale generation facilities for cities

14 April , 2024  

As part of its preparations for the next heating season, the Ukrainian government will focus on the speedy construction of small-scale generation facilities for Kharkiv and other cities, with a further transition to the construction of large gas turbine plants in the medium term.

This was announced by Oleksandr Kubrakov, Vice Prime Minister for Recovery of Ukraine, on the air of the national telethon “United News” on Friday evening.

“We will try to build urgent low-capacity facilities for cities such as Kharkiv before the next heating season together with our partners. There are cogeneration units already provided by some governments. This may be the main solution for Kharkiv for this season,” he said.

According to the Vice Prime Minister, an action plan is currently being drawn up at the government level and in close consultation with local authorities, which should be implemented by the beginning of winter.

“In the medium term, large gas turbines with high efficiency are our future. We need several gigawatts of such capacities across the country,” Kubrakov said.

As he explained, gas turbine construction projects are quite attractive to investors due to, among other things, their high efficiency and low cost of electricity production.

“I hope that the export credit agencies of those countries that produce such equipment – the United States, Germany, and Japan – will be able to provide us with financing for their equipment, and we will be able to implement this plan,” the Deputy Prime Minister stated.

As reported, more than 85% of Ukraine’s thermal generation capacity and about 50% of its hydroelectric generation capacity have been destroyed as a result of enemy massive attacks.

According to former Energy Minister Olha Buslavets, in May of this year, the electricity deficit in Ukraine may reach about 3 GW.

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