After the latest massive Russian attack on Ukraine’s energy system, Biden promises further support; Ukraine faces long power outages during winter. US President Joe Biden, after the Russian air attack on November 28, made a statement promising further support for Ukrainians. “This attack is outrageous and serves as another reminder of the u... #AirDefenseSystems #ElectricityDeficitUkraine #JoeBiden #MissileAttackOnUkraine #UkraineBlackout #WarinUkraine
Prolonged power outages in Ukraine provoke a new wave of refugees; the NBU worsens its forecast for personnel shortages and returning Ukrainians. In Ukraine, increased pressure on commercial activities due to a lack of workers in the third quarter of the year was due to an increase in migration outflow that was beyond expectations, mainly due t... #ElectricityDeficitUkraine #Germany #Migration #Poland #RefugeesFromUkraine #Spain
Ukraine’s electricity deficit may reach 30% of consumption needs. Volodymyr Velychko, Deputy Chairman of the Supervisory Board of Centrenergo, noted: “Foreign partners believe that this winter will be the most difficult for our country in its entire history, e... #CentrEnergoUkraine #ElectricityDeficitUkraine #ElectricityImportUkraine #EnergyRestore #energyukraine #TrypilskaTPP
The Ministry of Economy names four critical price growth factors in Ukraine. In August, consumer prices increased by 0.6% for the month. On an annualized basis (August 2024 compared to August 2023), inflation accelerated to 7.5% from 5.4% a month earlier, according to the Moni... #ElectricityDeficitUkraine #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
Ukraine resumed exporting small volumes of electricity, demonstrating that the energy system is recovering. In the last days of September, for the first time since May of this year, Ukraine exported about 0.8 GWh of electricity during a period of small domestic demand, according to the Center for Economic S... #ElectricityDeficitUkraine #ElectricityExports #energyukraine #UkraineElectricityImport
The EU calls energy a decisive front this winter, and urges Ukraine to be allowed strikes on Russian territory. The head of EU diplomacy, Josep Borrell, said that the main topics in the G7 foreign ministers’ meeting in New York were the support of Ukraine before the approach of winter and the avoidance of... #ElectricityDeficitUkraine #JosepBorrell #LongRangeStrikes #RussianMilitaryTargets #WarinUkraine
Opinions of Ukrainian energy experts differ on the duration of winter blackouts. A generation deficit in winter and blackouts are unavoidable, and in the best-case scenario, there will be no electricity for up to five hours a day, said DTEK. And this is provided that Russia inflic... #DTEK #ElectricityDeficitUkraine #energyukraine #OleksiyBrecht #Ukrenergo #VolodymyrKudrytskyi
The NBU maintains this year’s economic growth forecast of 3.7% despite the situation in the energy sector and expects positive results from tax increases. As noted by the head of the National Bank, Andriy Pyshnyi, the regulator remains largely confident in the forecast it presented in July. “The economy will grow by 3.7% this year. The assumption ... #AndriiPyshnyi #ElectricityDeficitUkraine #EnergyRestore #nbu #UkraineEconomicForecast #UkraineEconomy
Energy experts: Ukraine will enter the winter with a power generation deficit of 4-5 GW. Yuriy Korolchuk, an expert at the Institute of Energy Strategies, noted that the existing generation that survived Russian missile attacks will be able to produce about 11 GW of electricity. Thus, the... #ElectricityDeficitUkraine #ElectricityImport #EnergyRestore #energyukraine #NPP
AmCham and Deloitte survey results: How businesses in Ukraine are preparing for winter. The vast majority (88%) of 139 companies, operating in various sectors of the Ukrainian economy, that participated in the survey are prepared for long-term power outages. 33% can provide their own ene... #ElectricityDeficitUkraine #energyukraine #HeatingSeason #UkraineBlackout #UkraineEconomy #ukrainianbusiness
Ukraine’s electricity generation deficit this winter will be 4 GW. Ukrainian power engineers will have their work cut out for them in December, considering that approximately 14-15 GW of generating capacity has been restored, which will leave the energy system with a... #DTEK #ElectricityDeficitUkraine #EnergyRestore #energyukraine
Despite widespread blackouts, GDP growth accelerates in Ukraine. In July, Ukraine’s GDP growth accelerated to 2.7% after rising 1.6% in June in response to early harvesting. For January-July, growth is estimated at 4% [±1%], which generally corresponds with t... #ElectricityDeficitUkraine #GDPinUkraine #UkraineEconomy #UkraineMaritimeCorridor
Businesses account for 80% Ukrainian electricity imports. Ukrenergo notes that a significant electricity deficit is present for most hours of the day, and the import crossing is almost fully loaded with 1650-1700 MW out of the 1700 MW allowed. 80% of this ca... #ElectricityDeficitUkraine #ElectricityImport #ENTSO-E #UkraineEnergy #Ukrenergo
The most challenging period for the energy industry is behind it; the EU is considering increasing Ukraine’s imported electricity. According to the Chairman of the Board of Ukrenergo, Volodymyr Kudrytskyi, “We have every reason to expect that the most difficult period of the summer in the energy industry is behind us.”... #ElectricityDeficitUkraine #energyukraine #ENTSO-E #UkraineElectricityImport #Ukrenergo #VolodymyrKudrytskyi
The Ministry of Energy is rushing to restore energy production capacity. The Ukrainian campaign to repair power units in 2024 will be larger than last year, Minister of Energy German Galushchenko said. “Last year, we restored 3.3 GW of destroyed generation. This year... #ElectricityDeficitUkraine #ElectricityGeneration #EnergyRestore #energyukraine #GermanGalushchenko #UkraineEnergyLosses
The largest shopping mall in Ukraine and Eastern Europe switches to imported electricity to stabilize its operations. Against the background of the difficult situation with the country’s energy system, the Respublika Park shopping center switched to using imported electricity. Earlier, the Gulliver shopping cen... #ATBmarket #ElectricityDeficitUkraine #ElectricityImports #Gulliver #RespublikaPark #retailUkraine
Ukrainians will have to live with blackouts for a long time: there is a lack of time and money to restore generation. The Economist notes the difficult situation: “There is too little time left and too few billions of dollars needed to install several hundred small power plants, restore bombed-out facilities, o... #ElectricityDeficitUkraine #EnergyRestore #energyukraine #UkraineBlackout #UkraineEnergyLosses #Ukrhydroenergo
The construction of one GW of power generation will cost $700M, and Ukraine needs to attract international financing for energy projects. “Investment projects for the construction of one GW of electricity will cost from $700M using gas piston or gas turbine technologies and up to $1.5M for, for example, wind power,” said Osc... #ElectricityDeficitUkraine #ElectricityGeneration #EnergyRestore #energyukraine #oschadbank
Despite a slowdown in the second quarter, the GDP grew by 4.1% in the first half of the year. In June, Ukraine’s GDP grew by 1.1% compared to June last year. However, Ukraine’s economic growth continues to slow down – in May, GDP grew by 3.7%, in April – by 4.3%. The Ministry of Ec... #ElectricityDeficitUkraine #GDPinUkraine #UkraineEconomy #UkraineLaborMarket #UkraineMaritimeCorridor
The NBU has assessed the consequences of the continuing electricity shortage: The demand for workers is falling, the number of emigrants is increasing, and economic activity is weakening. In Ukraine, economic activity weakened in June, and entrepreneurs worsened their business expectations, primarily due to prolonged power outages and a lack of workers in the labor market, according to... #ElectricityDeficitUkraine #EmployeeDeficit #nbu #UkraineEconomicActivity #UkraineEconomy
The IMF has worsened expectations for Ukraine’s economy and predicts an electricity shortage until 2026. The IMF has downgraded Ukraine’s economic growth forecast for 2024 and 2025 due to the consequences from Russian shelling of energy infrastructure. The revised forecast states that Ukraine’... #ElectricityDeficitUkraine #imf #KristalinaGeorgieva #UkraineEconomicForecast #UkraineEconomy #WarLosses
Ukraine will restore only 7% of its power generation needs by winter. Before the heating season, Ukraine can restore 200-250 MW of generation (or 7.1%) of the required 3.5 GW, said Oleksandr Kharchenko, director of the Energy Research Center. According to him, work is p... #ElectricityDeficitUkraine #ElectricityGeneration #EnergyRestore #energyukraine #OleksandrKharchenko #YASNO
How do forced power outages affect the Ukrainian military industry? Power outages in Ukraine caused by Russian shelling not only create discomfort for the civilian population but also complicate the production of weapons, writes the New York Times. This slows producti... #DefenseIndustryUkraine #ElectricityDeficitUkraine #energyukraine #Ukrenergo
Real GDP growth slowed in Ukraine due to Russian attacks on the energy system. The growth rate of real GDP in Ukraine has slowed down somewhat. The key problem is reduced access to a constant electricity supply and sufficient amounts of electricity. According to the IER, GDP in ... #ElectricityDeficitUkraine #energyukraine #GDPinUkraine #GVAukraine #UkraineEconomy #UkraineExport
What is the biggest obstacle to business in Ukraine? For several months in a row, the lack of personnel has remained a significant problem for Ukrainian businesses. In March, 50% of enterprises reported a shortage of employees, according to the Institut... #businessinukraine #ElectricityDeficitUkraine #EmployeeDeficit #UkraineBusinessActivity #UkraineEconomy #UkraineLaborMarket
Ukraine will begin producing 500 MW of green energy and increase the import of electricity. In 2023, Ukraine intends to put into operation 500 MW of new power generation capacities from renewable sources, as well as to increase the import of electricity from Europe to 2,000 MW, as detailed ... #ElectricityDeficitUkraine #HermanGalushchenko #UkraineENergySystem #UkraineGreenEnergy
Ukrainian energy companies manage to provide 80% of Ukraine’s electricity needs. As of February 2, Ukraine’s power system generating capacity is sufficient to cover about 80% of consumers’ electricity needs. The loss of generation capacity in the aftermath of the Russian mis... #ElectricityDeficitUkraine #UkraineENergySystem #Ukrenergo
Turkish floating thermal power plants will help Ukraine to overcome its electricity deficit. The Energy Company of Ukraine (ECU) signed a memorandum of cooperation with Turkish Karpowership for the use of floating thermal power plants with a capacity of 500 MW. Karpowership’s statement ... #ElectricityDeficitUkraine #FfloatingTPP #Karpowership
Night generation covers Ukraine’s need for electricity consumption. The state Energy company Ukrenergo recorded an increase in consumption due to the gradual cooling of temperatures and intensification of industry and business activity after the holidays. However, for... #ElectricityDeficitUkraine #UkraineENergySystem #Ukrenergo
Ukraine is preparing for a major Russian attack over the New Year holidays. According to Energy Minister Herman Galushchenko, the situation since the most recent, enormous missile strike on Ukraine’s energy infrastructure, which occurred on December 16, remains challenging. P... #ElectricityDeficitUkraine #HermanGalushchenko #MissileAttackOnUkraine
Most of Ukraine’s generating capacities have been restored, but a significant electricity deficit remains. As of the beginning of the week, Ukrainian energy workers restored most of the generating capacities in the country’s energy system. However, the destruction caused by the Russian missile attack... #ElectricityDeficitUkraine #UkraineENergySystem #VolodymyrKudrytskyi
