Укргідроенерго

Despite the challenges of war, Ukrhydroenergo plans to advance the foundations of hydrogen energy in Ukraine Ukrhydroenergo is working on a "green" hydrogen pilot project, an important step toward decarbonising Ukraine's energy sector. This project aims to strengthen the country's energy independence, gradually integrate Ukraine into the global hydrogen market, and align with the European energy system. This was stated by Dr. Valentyn Gvozdiy, Chairman of the Supervisory Board of Ukrhydroenergo, during European Hydrogen Week. At the "Investing in Ukraine's Hydrogen Future: Minimizing Risks and Ensuring Tomorrow's Energy Market" event, Gvozdiy emphasised the importance of developing the hydrogen sector to secure Ukraine's energy independence. He outlined the plans to launch pilot hydrogen projects, establish research centres for hydrogen storage technologies, and create incentive programs to attract investments in hydrogen infrastructure. Against the backdrop of relentless missile and drone attacks by russian forces on Ukraine’s energy infrastructure, Ukrhydroenergo prioritizes restoring damaged hydropower plants, safeguarding hydropower facilities, and ensuring the energy system's flexibility. In this context, the production of green hydrogen as an alternative energy source has become more critical than ever. According to Valentyn Gvozdiy, developing hydrogen energy requires overcoming significant barriers, particularly the high cost of equipment and the lack of a developed consumption market: "The hydrogen energy sector faces challenges due to the high cost of production equipment, especially electrolyzers, which range from $800,000 to $1.2 million per megawatt of capacity. The absence of a mature consumption market also complicates the economic feasibility of such projects. It would be prudent to explore ways to reduce these barriers, such as through international financing or technical innovations. We view hydrogen as a product and a means of energy storage, enabling us to avoid energy losses and use it efficiently." Despite these challenges, Ukrhydroenergo emphasises the necessity of attracting investments and international financing. The company has progressed by negotiating with international financial institutions and potential investors and establishing partnerships with European counterparts to secure financial support for hydrogen projects. Valentyn Gvozdiy also noted that limited state guarantees pose a significant hurdle for project implementation. However, the company actively seeks solutions with international partners, including exploring risk insurance through international financial institutions and creating joint investment platforms with European partners to ensure stable financing. #EuropeanHydrogenWeek #Ukrhydroenergo #Hydrogen #energy #energysystem #electricity #Ukraine #news

Ukrhydroenergo news digest: Recovery is an urgent priority ✔️ Attracting funding to restore destroyed or damaged facilities. ✔️ Possibility to purchase critical backup equipment that guarantees uninterrupted operation of facilities in case of new massive attacks. ✔️ Construction of high level protective facilities and applying of innovative technologies aimed at strengthening the energy infrastructure. - These were the key topics discussed last week on the sidelines of the ReBuild Ukraine conference in Warsaw. Summary: ◼ ReBuild Ukraine: Ukrhydroenergo's management and supervisory board members join the dialogue on rebuilding Ukraine's energy sector. ◼ At a conference, Oleg Terletskyi, a member of the company's supervisory board, emphasized that quick solutions and new approaches are needed to ensure energy stability. DEEPENING COOPERATION WITH FINANCIAL INSTITUTIONS ◼ Ukrhydroenergo and the EBRD discussed opportunities for further cooperation and support for projects to restore lost capacity and perspective projects. ◼ The The World Bank Treasury (IBRD • IDA) and Ukrhydroenergo discussed the next steps in the implementation of the Ukraine - Enhancing Power System Resilience for European Power System Integration Project ◼ Ukrhydroenergo and the European Investment Bank (EIB) discussed further joint steps to support Ukraine's energy stability ◼ Ukrhydroenergo and KfW discussed financing for energy recovery MEETINGS WITH INTERNATIONAL PARTNERS ◼ Top managers of the Austrian company Voith Hydro & Co KG met with the management of Ukrhydroenergo. ◼ Representatives of Ukrhydroenergo visited the factory of the Polish electrical equipment manufacturer TWERD ENERGO-PLUS Sp. z o.o. and visited the facilities of Apator. ◼ Ukrhydroenergo discussed the resumption of the reconstruction of hydroelectric units at the Dnipro HPP with ANDRITZ Hydro. ◼ Representatives of Ukrhydroenergo and the Canadian company Aecon Group Inc. discussed the implementation of the Kanivska PSP construction project ◼ Post-war reconstruction of Ukraine: Webuild and Ukrhydroenergo discuss deepening cooperation. ◼ Ukrhydroenergo enhancing long-term contacts with the Slovenian company Riko d.o.o. ◼ Ukrhydroenergo and Statkraft plan to cooperate in the field of hydropower. Due to the latest massive attack of Russian forces on Ukrainian energy facilities at the November 17, it’s crucial to optimize and speed up the process of approving the documentation required for procurement procedures for critical equipment. #Ukraine #rebuild #recovery #criticalequipment

Ukrhydroenergo and Statkraft plan to cooperate in the hydropower sector On the sidelines of the Rebuild Ukraine forum in Warsaw, Deputy CEO of Ukrhydroenergo Oleksandr Krush met with Petter Tollefsen, Director of International Relations at Statkraft, the Norwegian energy company. During the meeting, the parties discussed opportunities for cooperation in the field of experience exchange and personnel training. The companies are planning to implement joint programs to improve the skills of their employees, which will help to implement the world's best practices in hydropower. The parties also discussed possible technical assistance to Ukrhydroenergo from Statkraft. “Cooperation with Statkraft, a leading hydropower producer in Europe, opens up new opportunities for integrating innovative solutions into the Ukrainian energy sector,” said Oleksandr Krush. Ukrhydroenergo continues to develop partnership projects with international companies to improve efficiency and implement modern standards in the management of energy facilities. #Ukrhydroenergo #hydropower #energy #cooperation #improveskills #opportunities

Ukrhydroenergo and European Investment Bank (EIB) discuss next steps to support Ukraine's energy stability In Warsaw, the general director of Ukrhydroenergo, Ihor Syrota, held a meeting with representatives of the European Investment Bank (EIB) to discuss the resilience of Ukraine's hydropower plants under wartime challenges and prospects for cooperation on strategic projects. Participants included head of the public sector lending department for Eastern European countries, Rafal Rybacki, senior loan officers Pawel Malinowski and Kinga Soltesz, as well as senior engineers Oliver Froend and Oleksandr Antoniuk. Representing Ukrhydroenergo were supervisory board member Vitalii Kushnirov and director of the department of innovative projects, Mariia Bishko. The primary topic of the meeting was the progress in implementing the project “Rehabilitation of Equipment to Enhance Operational Stability and Reliability of Hydropower Plants”. This initiative aims to strengthen Ukraine's energy infrastructure, which has faced ongoing threats for nearly three years due to military actions by russia. EIB representatives once again expressed their support for Ukrhydroenergo, emphasizing that they are actively reviewing submitted documents to approve and launch the joint project. Particular attention was given to resuming cooperation on financing the construction of the Kaniv PSP. This large-scale project is crucial for ensuring Ukraine’s energy independence and enabling its energy system to meet the growing demand for electricity. Commenting on the meeting, Ihor Syrota stated: "The European Investment Bank is a reliable partner proven through many years of cooperation, and today we have received yet another strong signal of support. By discussing future projects, we take an important step toward restoring our infrastructure, which is critically important for the stability of Ukraine's energy system." This meeting reaffirmed the commitment of Ukrhydroenergo and the EIB to continue working together to ensure the resilience and modernization of Ukraine's energy sector, which remains a top priority even under martial law. #Ukrhydroenergo #energy #hydropower #rebuild #financing

Ukrhydroenergo and KfW discussed financing for energy recovery As part of the Rebuild Ukraine conference, Ukrhydroenergo representatives held talks with representatives of the German Government's state-owned bank Kreditanstalt für Wiederaufbau (KfW). The purpose of the meeting was to discuss ways to attract financing to restore the damaged facilities and ensure the sustainable operation of the Ukrainian power system. Ihor Syrota, CEO of Ukrhydroenergo, discussed the current state of Ukraine's power system and the challenges faced by hydropower generation with Thomas Eisenbach, Head of Energy and Natural Resources in Eastern Europe, Caucasus and Central Asia at KfW Development Bank, and Almut Ahlers, Senior Project Portfolio Manager at KfW. Particular attention was paid to finding new financing mechanisms that will allow the restoration work to continue in 2025. “Since the beginning of the full-scale invasion, we have lost 40% of our hydroelectric generation capacity due to targeted attacks by the Russians. We understand how important it is to restore these capacities as soon as possible, as they play a key role in balancing the power system during peak load hours. Cooperation with international financial institutions is critical to further stabilize Ukraine's power system. We are committed to consolidating our efforts to attract resources and utilize them as efficiently as possible,” said Ihor Syrota. #Ukrhydroenergo #energy #power #hydropower #rebuild #financing

A new stage of cooperation: IBRD and Ukrhydroenergo agree on future priorities On 14 November, representatives of Ukrhydroenergo met with representatives of the International Bank for Reconstruction and Development (The World Bank Treasury (IBRD • IDA) in Warsaw as part of the Rebuild Ukraine conference to discuss the next steps in the implementation of Ukraine - Enhancing Power System Resilience for European Grid Integration Project (Installation of Hybrid Power Generation Systems at Ukrhydroenergo). During the meeting, the World Bank's Chief Energy Specialist Koji Nishida and the World Bank's Lead Energy Specialist for Eastern Europe and Central Asia Silvia Martinez Romero agreed with Ukrhydroenergo CEO Ihor Syrota, Vitalii Kushnirov, member of the Supervisory Board of Ukrhydroenergo, and Maria Bishko, Director of the Innovative Projects Department, on further actions to co-finance the Project, which was necessary due to the restructuring of part of the funds associated with the need to restore equipment damaged by missile attacks by the aggressor country and create a reserve of electrical components. This approach will ensure the prompt restoration of critical infrastructure, increasing the resilience of Ukraine's power system to possible future threats. The meeting was focused on the implementation of measures under the Emergency Response component of the Project. The key issue in this context is Ukrhydroenergo's support in ensuring stable operation of HPPs and PSPs. In particular, they discussed the purchase of critical backup equipment to ensure the uninterrupted operation of the plants in the event of massive attacks. The meeting also raised the possibility of resuming cooperation in the framework of allocating funding for the Kanivska PSP project. The results of the meeting demonstrated the continued support of the partners, who once again confirmed their readiness to work together to strengthen the Ukrainian energy sector. For Ukrhydroenergo, this was another piece of evidence of trust and commitment to the company's further development. The agreed initiatives open up new opportunities to modernise infrastructure, improve energy security and adapt to modern challenges. The partners expressed their readiness to actively contribute to the implementation of innovative solutions that will strengthen Ukraine's position as an important participant in the European energy market. #Ukrhydroenergo #energy #hydropower #futurepriorities

Resilience in every kilowatt: Ukrhydroenergo's investments in the country's energy stability Despite more than 140 missile strikes and the loss of 40% of its capacity, Ukrhydroenergo actively invests in the protection and restoration of energy infrastructure. At the ReBuild Ukraine conference in Warsaw, company supervisory board member Oleg Terletskyi emphasised that swift decisions and new approaches are essential to ensure energy stability. These include building protective structures and implementing innovative technologies to strengthen the energy infrastructure, which remains vulnerable due to Russia's military aggression. “Our investment activities encompass four main areas: reconstruction of existing facilities, implementation of new promising projects, recovery efforts, and protection of equipment, buildings, and structures,” said Oleh Terletskyi. According to him, these strategic areas aim to strengthen Ukraine's energy system in the long term, which is crucial for national security and economic recovery. The war has posed a significant challenge to the company's management system. Terletskyi noted that independent corporate governance during wartime has proven to be a critical factor in maintaining the company’s operational effectiveness. Transparency and accountability in management help sustain the trust of key international partners and investors, on whom the company places significant hope for recovery and development. To date, Ukrhydroenergo has attracted more than $600 million from international partners, offering not only loans but also investments in the future of Ukrainian energy. "This is a crucial step for energy independence. The funds raised will enable the company to continue implementing new projects to strengthen Ukraine's energy resilience and restore lost capacity," concluded Oleh Terletskyi. #Ukrhydroenergo #Rebuild_Ukraine #hydropower #energy #recovery

Ukrhydroenergo deepens long-term contacts with Slovenian company Riko d.o.o. On the sidelines of the ReBuild Ukraine Construction & Energy conference, representatives of Ukrhydroenergo and representatives of the leading Slovenian company RIKO d.o.o. discussed opportunities for future cooperation. Thus, the management of Ukrhydroenergo together with the CEO and founder of RIKO d.o.o. Janez Škrabec discussed opportunities to restore lost capacities and implement new hydropower projects. RIKO d.o.o. is internationally recognized for developing, designing important integrated solutions and constructing efficient and environmentally friendly infrastructure projects in various industries such as energy, environmental protection and logistics, including in Ukraine. In addition, during the meeting, Riko representatives noted that they are currently implementing a number of important social and humanitarian programs for the Ukrainian people suffering from the military actions of the aggressor country. #RIKO #ReBuild #Ukraine #Construction #Energy #Ukrhydroenergo #restore #hydropower #project

Post-war reconstruction of Ukraine: Webuild and Ukrhydroenergo discuss deepening cooperation On November 13, as part of the ReBuild Ukraine Construction & Energy conference, Ukrhydroenergo's management met with Webuild's Business Development Manager for Eastern Europe, Balkans and the CIS, Andrea Tulli. The parties discussed deepening cooperation to rebuild hydropower facilities. It should be noted that in 2023, Webuild and Ukrhydroenergo signed a Memorandum of Cooperation in the Construction of Hydropower Plants, which provides for the promotion of modern energy-efficient and carbon-free technologies during the post-war reconstruction of Ukraine, and support for the development of hydropower in Ukraine. Webuild is an Italian industrial group specializing in construction and civil engineering. The company has experience in the hydropower industry, including the construction of 313 dams and hydroelectric power plants worldwide with a total installed capacity of 52,900 MW. #Webuild #Ukrhydroenergo #cooperation #ReBuild #Ukraine #hydropower #HPP #hydroelectricpowerplants #reconstruction

ReBuild Ukraine: Ukrhydroenergo expands cooperation to restore hydropower capacity November 13-14, Warsaw. At the international exhibition and conference ReBuild Ukraine Construction & Energy, Ukrhydroenergo representatives, led by CEO Ihor Syrota and Supervisory Board members Oleg Terletskyi and Vitalii Kushnirov, actively participated in the dialogue on the restoration of Ukraine's energy sector. This large-scale event brought together representatives from more than 30 countries, including Ministers of Energy, representatives of energy companies, donors, business consultants and energy business experts. The main goal of the event was to join efforts to rebuild Ukraine's infrastructure, which suffered serious losses from drone and missile attacks by the aggressor country. The energy sector, in particular the rebuilding and modernization of its capacities, was one of the central topics of discussion at ReBuild Ukraine. Thus, during the panel “Political and Regulatory Framework: Ukraine’s Energy System as Modern Net Contribution to EU Energy Stability and Security”, the participants discussed that the need to restore Ukraine's energy facilities is extremely urgent, as many facilities, including hydro power plants, have suffered significant damage after numerous enemy attacks. As part of the conference, Ukrhydroenergo held a number of important discussions aimed at deepening cooperation with international partners to rebuild hydropower facilities. The meetings also focused on the current state of the Ukrainian hydropower industry and the possibility of its restoration. One of the key areas of the dialogue was attracting international financing, which could significantly accelerate the restoration and modernization of damaged facilities. “Rebuilding the energy infrastructure is not only a matter of Ukraine's energy security, but also a contribution to the stability of the entire European energy system. Today, we have a unique opportunity not only to restore what has been destroyed, but also to build a modern, resilient infrastructure. Thanks to the support of international partners, we will be able to implement the most innovative hydropower projects, thereby increasing Ukraine's energy sustainability,” said Ihor Syrota after participating in the conference. Representatives of Ukrhydroenergo will also present promising projects focused on the development of renewable energy in Ukraine. Given the global trend of switching to clean energy sources, these initiatives are important not only for the Ukrainian energy system but also for achieving European climate goals. On November 14, as part of the panel “Main Focuses and Challenges of Ukraine Energy System Recovery,” Oleg Terletskyi, a member of the Supervisory Board of Ukrhydroenergo, will speak about the key challenges and difficulties currently faced by the hydropower industry. #ReBuild #Ukraine #Ukrhydroenergo #cooperation #restore #hydropower #capacity #EnergySystem #Recovery