In Ukraine, a nuclear reactor will be built at the Khmelnytskyi nuclear power plant: it will be the first to use American AP1000 technology – Ministry of Energy of Ukraine. According to reports, the day before, the president of Energoatom, Petro Kotin, and the chief executive officer of the Westinghouse Electric company, Patrick Fragman, signed … Read more
Investment company Dragon Capital has revised its economic growth projection for Ukraine in 2023 to 5.2%, up by 0.7 percentage points, despite external financing risks, the company reported on Dec. 8. The Ukrainian economy’s faster-than-expected recovery is attributed to increased exports through seaports, a stable electricity supply, and better-than-anticipated harvests, according to Dragon Capital’s macroeconomic update. Ukraine exported approximately 4 million tons … Read more
Ukraine’s energy system remains robust despite adverse weather and repeated Russian attacks, Ukraine’s Prime Minister Denys Shmyhal announced during a government meeting on Dec. 5. Despite the formidable challenges posed by both extreme weather and Russian aggression, Shmyhal underscored that Ukraine’s energy infrastructure remains steadfastly balanced. He reassured the public that no power outages are … Read more
Synchronisation of the Ukrainian and European energy systems has been successfully completed, the European Network of Transmission System Operators for Electricity (ENTSO-E) reported. “The Continental European TSOs are pleased to announce that Ukrenergo, the Ukrainian TSO, has achieved compliance with the key technical requirements necessary to enable a permanent interconnection between the power systems of … Read more
PJSC Ukrnafta is constructing a new exploration well in western Ukraine, company director Serhiy Koretsky announced on his Facebook page. According to him, the total depth of the new directional well is 2,213 m, more than 1,000 m have already been drilled to date. The work is being carried out using their own rig, which … Read more
The Verkhovna Rada on Wednesday, with 253 supporting votes, adopted bill No. 10037 on the redirection of the so-called “military” personal income tax from local budgets to the state budget to channel these funds primarily to the purchase of drones and weapons, Head of the parliamentary budget committee Roksolana Pidlasa has said. “The key provisions … Read more
The decree on the entry into force of the decision of the National Security and Defense Council on additional measures to strengthen the stability of the functioning of the energy system and prepare the national economy for work in the autumn-winter period of 2023/2024 was signed by President of Ukraine Volodymyr Zelenskyy. Document No. 737/2023 was … Read more
Ukraine does not intend to extend the Russian gas transit contract after it expires at the end of 2024, Oleksiy Chernyshov, chairman of the state-owned oil and gas company Naftogaz, said in an interview with Radio Liberty published on Oct. 28. Ukraine is fulfilling the current contract to remain a reliable partner for Europe, although … Read more
Russian winter attacks on Ukraine’s energy facilities may cause large-scale damage to the power grid, but the power industry is preparing to restore it as soon as possible, says Energy Minister Herman Halushchenko. Previously, Ukraine’s state energy operator Ukrenergo reported the first mass strike on the country’s energy infrastructure in six months in September. We have … Read more
Energy holding DTEK plans to become a player in the Ukrainian oil market and is starting oil production in Poltava region, its CEO Maksym Timchenko said at a press conference on Wednesday. “The first oil well will be drilled before the end of this month in Poltava region. This is new for us. The first time our … Read more