Current news on Rebuild Ukraine topic

Ukraine will receive €52 million from the EU for implementing transport infrastructure development projects.

Four Ukrainian transport infrastructure development projects under the EU's Connecting Europe Facility (CEF) program have been approved for funding totaling €52 million. The approval of these grants enables Ukraine to move forward in integrating into the European transport space. Specifically, the funded initiatives include:

1. "Integration of Ukraine's railway system into the EU transport system. Phase One" (which involves improving the railway network and developing the 1,435 mm track gauge to ensure technological compatibility and increase the capacity of railway infrastructure).
2. "Organization of traffic flows to enhance the capacity, safety, and efficiency of border-crossing services on the Romania–Moldova–Ukraine corridor, including the Galati/Djurdjuleshti/Reni border crossing points" (which will ensure the continuity of traffic movement between the mentioned border points).

Additionally, funding has been approved for creating the Ukrainian River Information Service on the Danube and for the recovery of Ukraine's air navigation sector, as well as for further modernization of communication, navigation, and air navigation infrastructure.

A Ukrainian innovative energy company, with state support, will build a 900 kW hydroelectric power station; Ukraine has begun issuing guarantees of origin for electricity from renewable energy sources.

The state enterprise “Guaranteed Buyer” has determined the winner of the second auction this year for the allocation of the support quota for the construction of renewable energy capacity (“green” auctions), which included 11 MW of alternative energy sources, excluding solar and wind energy. The winner is “Watersturm”, which submitted the lowest price bid of approximately €0.11 per kWh, and plans to implement a 900 kW hydroelectric project (with a maximum price of €0.12 per kWh).

Additionally, “DTEK RES” generating companies have started issuing guarantees of origin for electricity from renewable energy sources.

“We are confident that each year, the interest of socially responsible businesses in energy origin guarantees will only grow. As a result, this will increase the demand for electricity from renewable sources and stimulate the construction of new ‘green’ energy capacities in the country,” said “DTEK RES”.

For export-oriented enterprises, such certification will provide additional competitiveness to their products.

The Ukrainian government has approved a state ownership policy aimed at improving the management of state assets and attracting investments.

According to Minister of Economy Yulia Svyrydenko, the state ownership policy defines the role of the government in managing state-owned enterprises, outlining which of them are strategically important for the country and the tasks they should perform. This document introduces high standards of corporate governance in the public sector.

Along with the state ownership policy, a clear and transparent compensation policy for the leaders and members of the supervisory boards of state-owned companies, as well as a dividend policy, is being introduced for the first time. These measures will improve the management of state assets and attract investments into the economy.

According to the new state ownership policy, there will be a clear definition of sectors of the economy where the government should maintain its presence. There are also plans to optimize the portfolio of state assets, including privatization or liquidation of enterprises that are not strategically important. Modern corporate governance standards based on OECD principles will be implemented, which includes the establishment of independent supervisory boards.

The approval of the state ownership policy is one of the key indicators of the Ukraine Plan for Ukraine Facility and an important part of the memorandum with the IMF.

Kyiv Region ranks among the top three leaders in Ukraine for the installation of hybrid solar power stations.

Kyiv Region is among the top three regions in the country in terms of installing hybrid solar power stations. Currently, there are 5,099 units installed in the region, with a total connected capacity of over 125 MW, according to Kyiv Regional Military Administration Head Ruslan Kravchenko.

“The enemy methodically attacks our energy facilities. Therefore, we are constantly working on decentralizing energy generation. We will continue to increase the number of solar panel facilities. This is an investment in the region's resilience,” he noted.

At the same time, the Kirovohrad Regional Military Administration added that supporting the population and businesses in implementing energy supply projects is a priority for both the state and regional authorities. Kirovohrad Region is among the top ten areas increasing the number of hybrid solar power stations. In local communities, 2,947 solar power stations with a total capacity of nearly 86 MW are already generating electricity.

The total connected capacity of installations across the country has reached 1.5 GW. A number of financial support mechanisms are in place for Ukrainians installing alternative energy sources. Currently, a household can receive a compensation of up to ₴244,000 for equipment with a capacity of up to 10 kW. The maximum loan amount is ₴480,000 for five years.