Ukraine's largest private power producer, DTEK, said it has received an €11 million grant from the French government to build the first digital substation in Ukraine.
The total cost of the project amounts to €15 million, with DTEK investing the remaining €4 million.
Dozens of banks in Ukraine have approved a combined 10 billion hryvnias ($240 million) in financing of energy solutions to help the country sustain the constant attacks on its grid since signing a voluntary accord on energy resilience months ago, a senior banker said. "The banks, maybe more than
Three high-power autotransformers, two funded by Japan and one by Sweden, have been delivered to Ukraine's state-run energy transmission system operator Ukrenergo, the United Nations Development Programme (UNDP) said on Tuesday.
The State Agency of Ukraine for the Management of the Exclusion Zone and the state-owned operator of Ukraine's nuclear power plants, Energoatom, are expected to soon sign a deal to start installing small modular reactors at Chernobyl Exclusion Zone, said the head of the agency, Hryhoriy Ishchenko.
France has pledged to provide €10 million for the International Chernobyl Cooperation Account, managed by the European Bank for Reconstruction and Development (EBRD), to help restore safety at the site.
