Zelensky praises progress of construction works at Dniester PSP.

Unian

Read the top-news of politics in Ukraine and the world, the latest political news from the UNIAN news agency.

https://www.unian.info/

energynews.com.ua

energynews.com.ua

During a working trip to the Chernivtsi region, President Volodymyr Zelensky visited the Dniester Pumped Storage Hydroelectric Power Plant, which is currently an integral element of the state's energy strategy until 2030.

The head of state has inspected three operating hydraulic units and construction zones, where hydraulic unit 4 is being built, according to the President's Office.

Zelensky praised the progress in construction, says the Ukrhydroenergo operator.

"The completion of construction works at the Dniester PSP will increase reliability of energy supply and expand the export potential of the state energy grid. It is possible to maintain high-quality electricity to Moldova and Romania," said Zelensky.

The power plant operates in a unique "pump – turbine" mode and allows using energy accumulated overnight to generate electricity during peak loads on the grid.

The PSP is a powerful mechanism for regulating the balance of production and consumption of electricity in Ukraine's power grid, which improves quality of electricity and its economic attractiveness to potential consumers in Europe, according to the report.

The construction of the 4th hydraulic unit of the second stage of the Dniester PSP is scheduled to be completed in the 4Q 2020. The capacity of its launch complex will be 421 MW in pump mode and 324 MW in generation mode.

"This year we plan to make the first launch of the unit on Energy Worker’s Day. And in the first half of next year we are planning to put it into industrial operation," CEO of Ukrhydroenergo Ihor Syrota said.

Read also Share of renewable generation doubles in Jan-Aug According to a preliminary plan, the construction of all hydraulic units is set to have been completed by 2028. While at the power plant, the Head of State discussed with the management the possibility of their faster completion.

Ukrhydroenergo performance

  • Ukrhydroenergo is a key player on Ukraine's electricity market, ensuring power supplies to households in the morning and evening rush hours.
  • In the first half of 2020, Ukrhydroenergo saw UAH 1.3 billion in net profit, having paid UAH 1 billion in dividends to the budget.
  • Other state-owned energy generation companies showed negative results. The loss at Ukrenergo amounted to UAH 18 billion in 1H of 2020, while the loss at NNEGC Energoatom stood at UAH 2.65 billion, and at Centrenergo – at UAH 493 million.

Author: UNIAN

Related news

Week's balance: Naftogaz raises gas price for households, Cabinet allocates billions to help unemployed and miners, while budget deficit keeps growing.

State-owned energy giant Naftogaz of Ukraine has raised by a third the gas price for households, the Cabinet of Ministers allocated almost UAH 3 billion for salaries to miners and payments to the unemployed, while the State Treasury announced a fo...

IMF reacts to Constitutional Court’s decision: E-declarations should not be dismantled.

The IMF considers the launch of an electronic system for asset and income disclosure by Ukrainian high-level officials to be a critical element of bilateral cooperation and calls for enhancing the effectiveness of all Ukraine’s anti-corruption ins...

Ukrainians' housing and utilities debts shrink to US$1.

The debt decreased by 1.6% compared to August 2020.

Ukraine's economy to fully recover from coronacrisis in 2022 – NBU.

Private consumption will remain the main driver of 4% GDP growth in 2021-2022.

Ukraine to cooperate with South Korea's KT Corporation in smart electricity metering.

The Ministry of Energy of Ukraine will cooperate with KT Corporation, South Korea's largest telecommunications company, in the field of smart electricity metering.

G7 ambassadors call for further reform of Ukroboronprom.

The ambassadors of the G7 countries urge to continue corporate governance reforms at Ukraine's state-owned company Ukroboronprom.

EU review mission on 'industrial visa-free' regime starts its work.

The sides noted the progress in the dialogue on the ACAA.

EU mission on ‘industrial visa-free regime’ launched in Ukraine.

The work of the preliminary assessment mission of the EU regarding Ukraine's readiness to conclude an Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA) has begun, according to the press service of the Ministry of ...

1 1

Ukrainian exports shown sufficient resilience to crisis in 2020 - NBU report.

Ukrainian exports showed sufficient resilience to crisis developments in 2020, in contrast to previous crises, in particular due to an increase in the share of food products in its structure.

Hryvnia keeps sliding: fresh rates for Oct 30

The official forex rate against the euro for Friday is fixed at UAH 33.30 per euro.

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies