The Ministry of Environment announced the creation of the national company Water of Ukraine

The Ministry of Environment announced the creation of the national company Water of Ukraine shutterstock
Katerina Belousova

The reform will allow attracting 1.4 billion hryvnias for the repair and modernization of water management infrastructure

Minister of Environmental Protection and Natural Resources Ruslan Strilets said that the country will create a national joint-stock company, Water of Ukraine, which will provide transparent market mechanisms for business and affordable, high-quality water for people.

"Water of Ukraine" will also ensure open and effective water monitoring and control over the use of water resources, the Ministry of Environment reports on Telegram.

The creation of Water of Ukraine was announced at the environmental forum United for Nature. Agenda for Ukraine environmental forum.

Strilets emphasized that 2023 was an extremely difficult year for the water sector. In particular, due to the largest man-made disaster since the Second World War – the undermining of the Kakhovka hydroelectric dam by Russians.

"The issue of sustainable water use and "good" water condition is a matter of national security. In the conditions of the military budget, we must find a way of balanced use of water resources and ensure the availability of water for every Ukrainian," said Ruslan Strilets.

It is expected that thanks to the reform of the sector and the introduction of effective management, it will be possible to attract 1.4 billion hryvnias for the repair and modernization of the water management infrastructure. The predicted economic effect of the implementation of the reform will be 1.2% of additional GDP growth annually.

As EcoPolitic reported earlier, in 2022 the Cabinet of Ministers approved the Water Strategy of Ukraine until 2050 and the operational plan for its implementation until 2024. The strategy is designed to solve the main water problems of the country, including equal access to high-quality drinking water, improvement of the ecological state of waters, prevention of droughts, floods, etc.

Related
Air pollution levels in Kyiv and Ukraine’s major cities on 24 September
Air pollution levels in Kyiv and Ukraine’s major cities on 24 September

Isolated instances of non-compliance do not detract from the generally positive figures

Rising sea levels threaten to submerge cities and UNESCO cultural sites
Rising sea levels threaten to submerge cities and UNESCO cultural sites

Around 770 million people are already in the high-risk zone

Ukraine’s first geothermal power station is to be built in Zakarpattia
Ukraine’s first geothermal power station is to be built in Zakarpattia

The plant will have a capacity of 5 MW of electrical power and 20 MW of thermal energy

A firm linked to money laundering received over 84 million UAH from ‘Forests of Ukraine’
A firm linked to money laundering received over 84 million UAH from ‘Forests of Ukraine’

‘Derevo Sila’ secured its first contract 18 days after registration, having recruited workers in a single day in preparation for the tender