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Investment demand for electricity projects in Ukraine is $ 25 billion - Ministry of Energy

Ukraine

The expected cost of the 30 most relevant projects in the electric power sector, presented by Vladimir Zelensky in the United States, is $ 16.85 billion.

Investment demand for electricity projects in Ukraine is $ 25 billion - Ministry of Energy

The total investment demand for electricity projects is $ 25 billion, Energy Minister German Galushchenko wrote on his Facebook page, summing up the results of his working visit to the United States.

“We had a constructive conversation with the leadership of the US Eximbank and the World Bank to raise funds for the implementation of projects to develop the Ukrainian energy sector and strengthen energy security. The 30 hottest projects in the power sector are expected to cost $ 16.85 billion. The total investment demand for electricity projects is $ 25 billion, ”said German Galushchenko.

He added that the meetings held with LNG Allies and DFC confirmed that American companies are interested in partnership with Ukraine, because the Ukrainian energy sector has significant investment potential.

“We are determined to implement it,” the minister emphasized.

During the visit, Ukraine's Energy Minister signed a joint statement with US Energy Secretary Jennifer Grengolm in the presence of Ukrainian President Volodymyr Zelenskyy. German Galushchenko also held meetings with US Deputy Secretary of Energy Andrew Light, Deputy Head of the State Department Victoria Nuland, Senior Adviser to the US Secretary of State for Energy Security Amos Hochstein and with the leadership of the US Bureau of Energy Resources, as well as with the leadership of Westinghouse and NuScale.

German Galushchenko announced the continuation of a more substantive discussion with the US Department of Energy on strategic dialogue on energy and climate issues at the next meeting in Warsaw.

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