Resilience in every kilowatt: Ukrhydroenergo's investments in the country's energy stability

admin November 14, 2024
Press service of Ukrhydroenergo
UHE

Despite more than 140 missile strikes and the loss of 40% of its capacity, Ukrhydroenergo actively invests in the protection and restoration of energy infrastructure.

At the Rebuild Ukraine conference in Warsaw, company supervisory board member Oleh Terletskyi emphasised that swift decisions and new approaches are essential to ensure energy stability. These include building protective structures and implementing innovative technologies to strengthen the energy infrastructure, which remains vulnerable due to Russia's military aggression.

“Our investment activities encompass four main areas: reconstruction of existing facilities, implementation of new promising projects, recovery efforts, and protection of equipment, buildings, and structures,” said Oleh Terletskyi.

According to him, these strategic areas aim to strengthen Ukraine's energy system in the long term, which is crucial for national security and economic recovery.

The war has posed a significant challenge to the company's management system. Terletskyi noted that independent corporate governance during wartime has proven to be a critical factor in maintaining the company’s operational effectiveness. Transparency and accountability in management help sustain the trust of key international partners and investors, on whom the company places significant hope for recovery and development.

To date, Ukrhydroenergo has attracted more than $600 million from international partners, offering not only loans but also investments in the future of Ukrainian energy.

"This is a crucial step for energy independence. The funds raised will enable the company to continue implementing new projects to strengthen Ukraine's energy resilience and restore lost capacity," concluded Oleh Terletskyi.

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