Energy recovery investment projects were presented in Lugano shutterstock

Energy recovery investment projects were presented in Lugano

Katerina Belousova

The first of the 9 new nuclear power units to be built are 2 units at the Khmelnytskyi NPP

Minister of Energy Herman Galushchenko presented investment projects for the recovery of Ukraine's energy sector in the amount of more than $120 billion at the Conference on the Recovery of Ukraine in Lugano, Switzerland.

He called nuclear energy one of the most promising directions, because it is the main energy system of Ukraine, and on average it produces about 60% of all electricity, reports Ministry of Energy

Galushchenko named nuclear power, renewable and hydropower, production of hydrogen and biofuel, increasing the flexibility of the energy system and building maneuvering capacities, as well as the development of power grids and energy infrastructure, gas extraction and transportation, and the development of oil transportation and oil refining infrastructure as the main areas for investment.

"We have agreements with the Westinghouse company, which provide for the construction of 9 new nuclear power units using AR1000 technology in the near future. We need to make a lot of effort to implement the projects, but I am sure that we will be able to do it. These are long-term programs with billions of dollars of investment in Ukraine", Galushchenko noted.

The first of these 9 new nuclear power units to be built are 2 units at the Khmelnytskyi NPP, with a total capacity of 2 GW. The volume of investments will be about $14 billion.

He assured that the investors will receive comprehensive support from the Ministry of Energy and called to start the preparation of projects and, if possible, their implementation, in advance, without waiting for the end of the war.

"Already today, we can work together on documentation, licenses, permits in order to be ready to start actual steps to implement the projects the very next day after the victory," Galushchenko added.

We will remind ecoactivists criticized the recovery plan of Ukraine, which was presented at the Conference on Reconstruction in Lugano, and was called the Luhansk shame.

As EcoPolitic reported earlier, the Ministry of Environment named the sums and steps to restore nature of Ukraine after the war.

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