Ukrhydroenergo strengthens the country's energy security and contributes to the country's green transition during the war
Hydropower remains a critical component of Ukraine's energy system in times of war, playing a strategic role in maintaining the stability of the energy supply. This was stated by Valentyn Gvozdiy, Chairman of the Supervisory Board of Ukrhydroenergo, in an online address to the participants of the Global Renewables Summit held in New York.
The Chairman of the Supervisory Board noted that over the past two and a half years, Ukrhydroenergo's plants have suffered more than 140 missile strikes. Despite losing 40% of hydroelectric generation capacity, HPPs and PSPPs continue to provide Ukraine's power system with balancing capacities, especially during autumn and winter.
At the same time, power engineers are working around the clock to restore damaged facilities because of numerous missile and drone attacks on the plants.
In addition to strengthening energy security, Ukrhydroenergo significantly contributes to the fight against climate change. In recent years, the company's hydroelectric power plants have contributed to reducing CO2 emissions and brought Ukraine closer to meeting its international climate commitments.
Valentyn Gvozdiy stressed the importance of sustainable development, noting that further investment in renewable energy sources will help Ukraine strengthen its position on the international stage.
‘Ukrhydroenergo is actively working with international financial institutions, including the World Bank, the European Investment Bank and the European Bank for Reconstruction and Development. The company focuses on introducing innovations, such as green hydrogen production and developing hybrid energy systems. Despite the challenges faced during the war, Ukrhydroenergo continues to strengthen the country's energy security and implements projects that will contribute to Ukraine's transition to clean energy,' summed up Valentyn Gvozdiy.
