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Ukrenergo company reveals plan for sustainable energy system: billions of dollars needed

Tuesday, 6 August 2024, 19:42
Ukrenergo company reveals plan for sustainable energy system: billions of dollars needed
Stock photo: Getty Images

Ukraine should install more than 12 GW of capacity in the coming years to create a defence against potential attacks, which will cost it €12-13 billion.

Source: Volodymyr Kudrytskyi, Chairman of the Management Board of Ukrenergo, on Telegram (Ukrenergo is Ukraine's national energy distribution company – ed.)

Quote: "To build a system that is resistant to possible attacks in the next few years, Ukraine will need: 4 GW of capacity of new wind power plants, 3.8 GW of solar power plants, 1.4 GW of gas generation capacity, 1.1 GW of capacity of new thermal power plants on biofuel and 0.8 GW of capacity of energy storage units," Kudrytskyi said.

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All of this will cost approximately €12-13 billion to build. The head of the energy company feels that large-scale improvements cannot be implemented without the involvement of private businesses.

"As a result, economic conditions are required for businesses and communities to be interested in developing a new decentralised energy system," he said.

Background:  

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  • Ukrainians should consider the measures they can take to withstand  the upcoming winter.
  • It will be impossible to restore all energy facilities before the beginning of the heating season, which the Russians have damaged over the previous months.

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