“Full synchronization with ENTSO-E does not require DC lines” – Energoatom

The Energy Bridge Ukraine - EU project meets not only the interests of the Ukrainian state, but also the European Union, and is fully correlated with Ukraine’s intentions to synchronize its united energy system with the European one.  That is why the project of the energy bridge is fundamentally different in scale and the expected benefits for the state from the construction of direct current lines (DC), which are lobbying by Acting Head of Ukrenergo Vsevolod Kovalchuk.  It is reported by UNIAN with reference to the press service of Energoatom.

“In July, Ukrenergo announced that the full synchronization of the Ukrainian UES with ENTSO-E will take place in 2023.  At the same time, full synchronization does not require the use of DC lines, so it is not clear why Ukraine should spend money on DC lines, which will perform their function for no more than a year.  Speaking about the construction of the DC line, as a step towards the synchronization of the UESU with ENTSO-E, the Acting Head of Ukrenergo forgets that in fact their construction goes beyond the agreement with ENTSO-E. 

Agreement was concluded in 2017, and it was envisaged as the first stage of synchronization exactly the expansion of the Burshtyn Energy Island due to the implementation of the energy bridge project, and not the construction of the DC line”, the press service of Energoatom reminded.

On August 9, 2019, the commission of the Ministry of Energy and Coal Mining on the issues of holding a competition to determine a private partner for the implementation of public-private partnerships on the Energy Bridge Ukraine - EU project determined the winner of the competition. Ukraine Power Bridge Company Limited became the winner. 

The Energy Bridge Ukraine - EU project is the first public-private partnership project, which provides for the integration of the united energy system of Ukraine with the European energy system.  Attracted by exports from the second unit of the Khmelnitsky NPP, the funds provide a financial tool for completing two power units of Khmelnitsky nuclear power plants at once, which is estimated today at about $3.5 billion. For comparison: building one nuclear power unit from scratch in the world costs at least $7 billion.

Tags: contracts, NPP, tariffs, NNEGC "Energoatom", legislation, electricity, EU, The Minystry of Energy and Coal Mining, Ukrenergo, electricity market, foreign affairs

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