Wednesday, November 10

Electricity deficiency in Ukraine can be prevented, said DTEK CEO Maxim Timchenko at a press conference held on November 9.

There are four ways to overcome the deficit of 5.5 billion kWh of electricity:

  1. It is necessary to import 1 mln tons of coal at Centerenergo, which will make it possible to generate 2 bln kWh; the price of this electricity, based on the current quotations of $150 per ton of coal in Amsterdam, is 4 for 1 kWh
  2. The second way is the operation of a TPP on a mix of coal and gas, at which the price of 1 kWh will be 33.
  3. The third opportunity is to cover the electricity deficit in the Kyiv CHPP-5 and CHPP-6 and the Kharkiv CHPP-5 using gas. The price of electricity will be 5 per 1 kWh at a gas price of 26,000 per 1 cubic meter without VAT.
  4. The fourth method is the import of electricity from Belarus. “If we can get 400 MW, this will give us about 1.5 billion kWh for the entire autumn-winter period.
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The newly-elected Chancellor, Olaf Scholz, is ready to support Ukraine’s move towards EU membership. The coalition agreement of the new German government contains a clause stating its readiness to support Ukraine’s movement towards membership in the European Union. The agreement reads, “We will work together with the EU and its Member States to further develop the Eastern Partnership and a market economy. It is also noted that the German government will continue to assist Ukraine in restoring its full territorial integrity and sovereignty”.

A senior EBRD delegation is starting a week-long trip to Ukraine to meet with the country’s authorities and private sector companies. The delegation will include Alain Pilloux, the Vice President of Banking and in charge of Bank lending; and Mark Bowman, the Vice President for Policy and Partnerships.  The visit is to reconfirm the EBRD’s support for Ukraine, its reform agenda, and sustainable development. Discussions will focus on the decarbonization of the Ukrainian economy in line with the country’s updated Nationally Determined Contribution, the development of sustainable infrastructure, and the investment