Business news from Ukraine

Business news from Ukraine

Ukrnafta to implement energy projects worth 670 MW by 2026

9 July , 2025  

PJSC Ukrnafta is implementing six projects for gas piston and gas turbine units with a capacity of 420 MW and plans to build a CCHP (Combined Cooling, Heating, and Power, i.e., the production of electricity, heat, and cold from a single source – IF-U) system with a capacity of 250 MW, according to the company’s acting director, Yuriy Tkachuk.

“Our portfolio consists of 420 MW of generating capacity. These are six large projects that combine gas piston and gas turbine technologies. And we will build a large 250 MW CCHP project. All the assets we aim to install will be installed in 2026,” Tkachuk said during a panel discussion on investing in energy sustainability and recovery in Ukraine as part of URC-2025 in Rome on Wednesday, according to an Interfax-Ukraine correspondent at the event.

According to him, all capacities are renewable and are being installed in central, eastern, and western Ukraine, and electricity will be generated using associated gas from production.

“In this way, we will support our energy system through these projects,” Tkachuk said.

He added that after Ukrnafta was transferred to the state in 2022, “we began to develop its new history.”

As Tkachuk emphasized, Ukrnafta currently provides 99% of petroleum product supplies to the Ministry of Defense, and despite this, it has launched a new direction, namely electricity production, which is very important in the context of the significant destruction of Russia’s energy capacities.

“Thanks to international financial institutions, Norway, Sweden, Germany, our state, and the government, we have launched a distributed power generation project,” the head of Ukrnafta emphasized.

 

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