URC 2024: 12 Cooperation agreements signed under the Coordination of the Ministry of Energy for the development and restoration of generation and networks

During the International Conference on the Restoration of Ukraine (URC 2024) in Berlin, attended by the Minister of Energy of Ukraine, Herman Halushchenko, and in his presence, several significant cooperation agreements were signed with financial institutions and energy companies.

The primary objective is the development of generation and networks, crucial for the restoration of energy facilities after Russian attacks.

Among the signed agreements are:

• Memorandum of Understanding with Siemens Energy AG, essential for the implementation of energy-efficient technologies, decentralized electricity generation, and increased use of RES (Renewable Energy Sources).

• Memorandum of Understanding with Siemens Energy Global GmbH & Co. KG, vital for the development of new combined heat and power projects based on steam-gas turbines technology for PJSC "Ukrnafta." This will provide cities with heat and light amidst Russian attacks.

• Cooperation Memorandum between PJSC "Ukrnafta" and Deutsche Bank AG, crucial for financing the construction of gas and steam-gas power plants for heat and electricity production.

• Memorandum with GE Vernova offering solutions for the development of smart grids, particularly in the Kharkiv and Ternopil regions.

• Memorandum in the transition to renewable energy sources with GOLDBECK SOLAR Investment GmbH, involving the construction of 500 MW of solar panels.

• Memorandum in the transition to renewable energy sources with NOTUS Energy Invest Ukraine GmbH, involving the construction of 120 MW of wind generation.

• Memorandum with Siemens Energy Global GmbH & Co. KG and NJSC "Naftogaz", important for the operation of underground gas storages focusing on decarbonization.

• Joint declaration with the German-Ukrainian Chamber of Commerce, significant in transitioning to green energy and ensuring the stability of the Ukrainian energy sector.

• Memorandum with Voith Hydro for the construction of new hydroelectric power plants and the reconstruction of ruined ones, as well as their maintenance, for PJSC "Ukrhydroproject."

• Memorandum with the Swedish Development Financial Institution, essential for the decentralization of the energy sector, particularly the use of gas and steam turbines based on biomass.

Additionally, a Memorandum to initiate a Norwegian-Ukrainian energy partnership was signed.

In the presence of Herman Halushchenko, an Agreement was signed for Germany (through the KfW credit institution) to provide financial support to Ukraine's energy infrastructure in the amount of 30.4 million euros.