Investments in the construction of new generation facilities will benefit both investors and Ukraine’s energy system, emphasized Vitaliy Zaychenko, head of NPC Ukrenergo, during his online participation in a meeting of the European Business Association’s board. During the meeting, he informed representatives of Ukraine’s largest financial and industrial groups about the current situation in the energy sector and prospects for the near future.
“Since October last year, the enemy has been carrying out comprehensive attacks on energy facilities, using a very wide arsenal of weapons: from rocket artillery to guided aerial bombs, strike drones, cruise missiles, and ballistic missiles. Many power generation, transmission, and distribution facilities in most regions of Ukraine have been damaged,” said Zaychenko.
According to him, there is an acute power shortage in the energy system, which cannot yet be covered by existing generation and imports of electricity. Under these conditions, it is very important for the Ukrainian energy sector to attract private investment in the construction of power generation facilities.
As the head of Ukrenergo recalled, thanks to special auctions held by the National Energy Company, 423 MW of new generating capacity appeared in the power system over the past year.
“We are grateful to businesses that invest in projects that strengthen the stability of the energy system in such difficult conditions,” he stressed.
In addition, Zaychenko noted the importance of connecting to the common grid those generating capacities that are currently used by businesses and industry exclusively as backup power sources in case of hourly or emergency outages.
“If they were operating on the electricity market, such facilities could cover part of the power deficit in the energy system and at the same time generate profits for their owners,” he said.
According to preliminary expert estimates, the total deficit of operational generating capacity in Ukraine currently exceeds 4 GW.
