Business news from Ukraine

Business news from Ukraine

“Ukrhydroenergo” restored 500 MW of lost 2,000 MW of capacity

23 April , 2023  

Ukrhydroenergo PJSC has already restored 500 MW and is set to resume another 1,500 MW of capacity lost due to Russian attacks in the second phase, the company said in its Telegram channel, citing Natalia Nikolska, a member of the company’s supervisory board (SB), on Friday evening.
“We are now looking for new partners for out-of-the-box solutions for restored critical infrastructure with additional security,” Nikolskaya said during the Ukrainian Energy Transition Forum, according to the report.
According to her, the restoration of capacities will be carried out with maximum protection of equipment, and for further development of hydropower, new solutions will be introduced to restore lost capacity and increase the company’s share in the United Energy System (UES) of Ukraine.
“It should be emphasized that despite the war, Ukrhydroenergo has remained profitable and intends to continue development and rehabilitation projects,” stressed the NA member.
“Ukrhydroenergo estimates its direct losses from the beginning of the war, including the occupation of Kakhovska HPP, at $1 billion.
The company’s hydro and hydroelectric plants are actively involved in the balancing market, namely in adjusting the daily schedule of loads to cover peaks and troughs and in frequency/capacity regulation. In addition, hydropower plants compensated for the lack of generating capacity in the Ukrainian energy system when nuclear and thermal power units were unloaded as a result of Russian missile strikes.
“Ukrhydroenergo operates all major hydroelectric power plants located on the Ukrainian sections of the Dnieper and Dniester rivers. The total installed electric capacity of the general company’s hydroelectric power plants is 6,208.3 MW.