Billions of dollars are needed to restore Ukraine’s electricity production capacity through distributed generation, said Kateryna Rozhkova, Deputy Governor of the National Bank of Ukraine. According to her, restoring 1 MW of capacity costs about $1 million.
“You know how many gigawatts we have lost,” Rozhkova said.
The official added that if Ukraine can restore at least 20% of this through distributed generation, it will cost billions of dollars. At the same time, Rozhkova said that the lack of capacity in the power system is a “challenge for business.” Therefore, she urged entrepreneurs to rebuild and invest in their energy independence by purchasing medium and low-power turbines, as well as to provide their production facilities with uninterrupted power supply.
According to various estimates, Ukraine lost 8 to 10 GW of power generation capacity as a result of Russian attacks in the spring. Against this backdrop, Ukrhydroenergo said it plans to restore 1 GW of generation in the short term, and another 2.5 GW in the long term (completion of the Dniester PSP, construction of the Kaniv PSP, and rebuilding of the Kakhovka PSP)