The bill to rebuild Ukraine’s thermal power plants (TPPs) will be an estimated €250m this year, according to a DTEK winter energy update.
Delivering a ‘call to action’, following an 11th Russian attack on energy sites, the private power producer highlighted the need for ‘new and urgent supplies of air defence systems and ammunition to defend energy assets’ and seeks ‘partners with international financial institutions, foreign governments, energy producers and equipment manufacturers to accelerate the recovery and strengthening of Ukraine’s energy system’.
Around €208m has been spent to restore TPPs in the year to date, according to DTEK.
The European Commission is pledging €62.8m in equipment and materials to restore 1.8 GW and ‘winterise’ plants while the US is funding $46.1m in control systems and transformers at plants.
DTEK recently announced an €140m investment in energy storage systems in Ukraine with a capacity of 200 MW to help build a secure and green energy system.
The systems will be commissioned no later than September 2025 and will start providing ancillary services to Ukraine’s Transmission System Operator Ukrenergo.
Despite challenges from the two-year-old conflict, Ukraine has high hopes for emerging sectors such as hydrogen and biomethane.
It has forecasted 0.6 million tonnes of hydrogen by 2035 and 2.5 million tonnes by 2050.
It wants to intensify biomethane exports to the EU, aiming for a 10%-20% share of the market by 2030, according to the Bioenergy Association of Ukraine (UABIO), and reported by SPG Global. Biomethane exports were permitted in September.
UABIO anticipates five additional biomethane projects will begin production by the end of 2024, along with two bio-LNG facilities.
The EU is targeting a near-eightfold increase on its production capacities of the renewable fuel by 2030.
In a speech in the European Parliament yesterday, Kadri Simson, European Commissioner for Energy said, “Under REPowerEU, we managed to reduce energy prices, phase out most of our Russian fossil fuel imports, and diversify our supply. However we know the challenge is still there.
“There are many factors still impacting our energy prices with upward pressure. The different measures, in particular the acceleration of renewables deployment and the reform of the electricity market design, will produce its full effects in the medium term while laying the groundwork for the decarbonised power system.”
“But for now, the immediate task is to increase the supply of clean energy and to minimise using fossil fuels as the most expensive price-setting technology.”
