Total electricity consumption in Ukraine has decreased by 18% since 2010, mainly due to a 28% decrease in industrial consumption. This became known from the economic strategy "Vectors of Economic Development 2030" presented by the Cabinet of Ministers.
“Electricity consumption in Ukraine has decreased by 18% since 2010, mainly due to a 28% decrease in industrial consumption (its share in consumption decreased from 48% in 2010 to 43% in 2019) and as a result of the occupation of Crimea and certain regions of Donbass, "the document of the Cabinet of Ministers of Ukraine says.
The Strategy identified 30 priority projects for economic development until 2030.
"One of the strategic goals for the development of the Ukrainian economy until 2030 is attracting $ 40 billion to the development of the energy system," the document says.
Of this money, it is planned to attract $ 23 billion for electricity generation, and $ 17 billion for transmission and distribution. It is envisaged to attract $ 10 billion of investments in renewable energy and the formation of the share of renewable energy sources in total electricity production at the level of 25%.
At the same time, it is proposed to consider the possibility of producing hydrogen using excess electricity in the system with the aim of further exporting it to the EU. Along with this, it is planned to reduce the share of coal generation, as well as to increase the share of biomass in heat production up to 30%.