Business news from Ukraine

UKRZALIZNYTSIA INVESTS UAH 2.9 BLN IN DEVELOPMENT OF ELECTRICITY DISTRIBUTION SYSTEM DURING FIVE YEARS

2 December , 2021  

The National Energy and Utilities Regulatory Commission (NEURC) at a meeting on December 1 approved a plan for the development of the electricity distribution system for Ukrzaliznytsia for 2022-2026, which provides for an investment of UAH 2.9 billion.
According to the plan, 76% of the UAH 2.9 billion should be invested in construction, reconstruction and technical re-equipment of power grids and equipment.
The main consumer of electricity, which is transmitted by the grids of Ukrzaliznytsia, as the operator of the distribution system, is transport. Over the past four years, the share of transport in the total structure of electricity consumption transmitted through the distribution system of the company was 80-83%.
Ukrzaliznytsia predicts an overall growth in demand for electricity in the next five years at the level of 0.45% annually.
At present, the total installed capacity of renewable energy installations (RES) connected to the grids of Ukrzaliznytsia is 143.35 MW.
According to the issued technical specifications, it is necessary to connect renewable energy generation facilities for another 301.93 MW to the distribution system of the company.
As reported, on September 30 Ukrzaliznytsia bought more than 4.9 million MWh of electricity at an auction from Energoatom state enterprise at a price of UAH 1,105/MWh, which the company should receive by the end of 2022 and use exclusively for its own needs.

,