Free Trial

Imports Unable to Cover Ukraine’s Power Shortage

POWER

The power shortages in Ukraine cannot be fully covered with power imports from neighbouring countries, DTEK CEO, Sergei Kovalenko, said, cited by Interfax.

  • "We're experiencing a critical shortage of domestic power generation [...] So critical that even maximum possible imports cannot solve the problem. The shortage problem will be severe within the next six to eight weeks. Apart from the above mentioned lack of generation, growing consumption adds to the problem," Kovalenko said.
  • The shortage is due to the destroyed generation capacity by Russian attacks, fluctuations in renewables generation and maintenance at nuclear facilities, he added.
  • Energoatom recently started planned works at one 1GW nuclear reactor.
  • The outlook for later this year does not significantly improve. Head of Ukraine’s grid operator Ukrenergo said earlier this month that the country would not be able to restore all damaged power generation capacity before the winter.
  • The Ukrainian government is currently in talks to raise imports from Europe to 2.5GW – the country’s technical import capacity – for which is planning to make a decision by the upcoming winter.
  • Russia has destroyed around 9GW of Ukraine’s power generation capacity since the start of March, Ukrainian President Volodymyr Zelensky said this month.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.