About past, present and future of Ukraine

Search mobile

Main Business Ukraine can and has the potential to replace Russia in Europe's energy mix

Business

Ukraine can and has the potential to replace Russia in Europe's energy mix

464
Ukraine can and has the potential to replace Russia in Europe's energy mix

Share this article


Deputy Minister of Energy of Ukraine for European Integration Yaroslav Demchenkov held an online meeting with Secretary General of the Energy Charter Guy Lentz.

Within the course of the meeting, the sides exchanged views on the reconstruction of Ukraine's energy infrastructure and the post-war development of the Ukrainian energy sector.

"Infrastructure in many regions of Ukraine is damaged or destroyed. We do not need to restore the energy sector "as it was" - as a Soviet legacy with low efficiency that does not meet the needs and challenges of the 21st century. We will not spend time and money on the restoration of objects that are obsolete 20 years ago. We intend to use the latest technologies, and attract technical assistance and investment to implement projects for the development of sustainable energy," said Yaroslav Demchenkov about the vision of the Ministry of Energy of the relevant processes.

The Deputy Minister also took part in a meeting of the Budget Committee of the Energy Charter, devoted, inter alia, to the approval of the program of activities to support and restore the energy sector of Ukraine.

Yaroslav Demchenkov informed his colleagues about the current state of the Ukrainian power system during the war, the extent of destruction and damage caused by active hostilities in Ukraine, as well as measures taken to ensure the proper functioning of the energy sector and plans for its reconstruction.


The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...