A new stage of cooperation: IBRD and Ukrhydroenergo agree on future priorities
On 14 November, representatives of Ukrhydroenergo met with representatives of the International Bank for Reconstruction and Development (IBRD) in Warsaw as part of the Rebuild Ukraine conference to discuss the next steps in the implementation of Ukraine - Enhancing Power System Resilience for European Grid Integration Project (Installation of Hybrid Power Generation Systems at Ukrhydroenergo).
During the meeting, the World Bank's Senior Energy Specialist Koji Nishida and the World Bank's Lead Energy Specialist for Eastern Europe and Central Asia Silvia Martinez Romero agreed with Ukrhydroenergo CEO Ihor Syrota, Vitaliy Kushnirov, member of the Supervisory Board of Ukrhydroenergo, and Maria Bishko, Director of the Innovative Projects Department, on further actions to co-finance the Project, which was necessary due to the restructuring of part of the funds associated with the need to restore equipment damaged by missile attacks by the aggressor country and create a reserve of electrical components. This approach will ensure the prompt restoration of critical infrastructure, increasing the resilience of Ukraine's power system to possible future threats.
The meeting was focused on the implementation of measures under the Emergency Response component of the Project. The key issue in this context is Ukrhydroenergo's support in ensuring stable operation of HPPs and PSPs. In particular, they discussed the purchase of critical backup equipment to ensure the uninterrupted operation of the plants in the event of massive attacks.
The meeting also raised the possibility of resuming cooperation in the framework of allocating funding for the Kanivska PSP project.
The results of the meeting demonstrated the continued support of the partners, who once again confirmed their readiness to work together to strengthen the Ukrainian energy sector.
For Ukrhydroenergo, this was another piece of evidence of trust and commitment to the company's further development. The agreed initiatives open up new opportunities to modernise infrastructure, improve energy security and adapt to modern challenges. The partners expressed their readiness to actively contribute to the implementation of innovative solutions that will strengthen Ukraine's position as an important participant in the European energy market.
