The government has made an important decision to accelerate domestic gas extraction. This was announced by Ukrainian Prime Minister Denys Shmyhal during a Cabinet meeting on April 29.
"We are simplifying procedures for private oil and gas companies for setting up energy storage facilities, as well as for constructing the necessary infrastructure to connect to Ukraine's gas transportation system," said the Prime Minister.
He also reminded that during a working visit to the United States, the government team signed an important energy agreement with the World Bank.
"We will receive additional funding of $70 million. These funds will be allocated to the company 'Ukrhydroenergo' for the purchase of solar panels and batteries for four generation facilities. Their total capacity will exceed 230 MW," emphasized Denys Shmyhal, adding that last year Ukraine secured €200 million in aid from the Italian Government and the EBRD for the restoration of hydroenergy, with the first tranche of €50 million already received.
