July 7 – 13 

  • Westinghouse Electric Company and Energoatom announced the signing of new agreements that will allow the deployment of facilities for the manufacture of nuclear fuel components compatible with Westinghouse technologies in Ukraine.
  • Commercial electricity exports from Ukraine fell by 45% compared to the previous week and amounted to 55.5 GWh. Imports, in turn, increased 2.1 times to 65.3 GWh.
  • The Ministry of Energy published a draft Program for the activities of state-owned coal mining enterprises until 2030, which provides for the merger of promising mines into a national joint-stock company and the coal industry’s break-even point by the end of 2027.
  • Ukrenergo and the Energy Community signed a memorandum on the creation of a risk mitigation mechanism for participants in long-term auctions for the purchase of ancillary services (AS). The main goal is to meet the deadlines for the implementation of the winning AS projects.
  • More than 700 MW of new wind farms and more than 200 MW of new energy storage systems are already under construction in Ukraine, according to A. Konechenkov, Chairman of the UWEA Board.
  • The government completed the formation of the supervisory board of the GTS Operator of Ukraine LLC, appointing two more representatives of the state – Vitaliy Zubriy and Ruslan Strilets.
  • In the reporting week, 29.4 mcm of gas were sold on the Ukrainian Energy Exchange (UEEX) (3 times more than in the previous week) at a weighted average price of 22.4 UAH per cubic meter excluding VAT (-0.3%).
  • On the sidelines of the Ukraine Recovery Conference (URC) in Rome, a number of initiatives were announced to support the development and reconstruction of Ukraine’s energy sector. In particular, the Energy Support Fund for Ukraine will receive additional contributions of EUR 240 million, and the European Investment Bank will finance the restoration of Ukrainian hydroelectric power plants and the development of district heating for EUR 220 million. It was also announced that new financial agreements totaling EUR 2.3 billion had been signed under the Ukraine Investment Framework (UIF).
  • On July 8-9, the European Commission and the Ukrainian government held bilateral meetings in Brussels to officially screen Ukrainian legislation for compliance with EU energy law.
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