Kyiv cooperates with EK on energy storage project

4 FAQs about Kyiv cooperates with EK on energy storage project

Will Kyiv's energy storage system reach 27% by 2030?

Kyiv wants to up this to 27% by 2030. Other similar energy storage systems in Eastern Europe include Lithuanian electricity transmission system operator Litgrid's 200-MW units launched in 2023 and a 55-MW battery energy storage system in Razlog in southwestern Bulgaria that went online in 2024.

Who is funding the energy storage project in Ukraine?

Ukraine's second most profitable bank, state-owned Oschadbank, state-owned Ukrgasbank, and PUMB will provide the funding for the project, which includes six energy storage installations across the country, totaling 200 megawatts to power 600,000 households.

Is DTEK the largest private investment in Ukraine's energy sector?

It marked the largest ever private investment in Ukraine's energy sector. Unlike other state-owned energy companies in Ukraine, DTEK hasn't been able to secure funding from the European Bank for Reconstruction and Development (EBRD).

Does DTEK pay for new energy infrastructure?

The loan — DTEK's largest domestic loan agreement to finance new energy infrastructure — covers part of the construction costs for five of the installations and runs until Sept. 25, 2030. DTEK, owned by Ukraine's richest man Rinat Akhmetov, will cover the remaining costs.

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