Ukrnafta and Wärtsilä have signed an agreement to develop distributed generation

The programme will be implemented in phases in collaboration with the Finnish-Ukrainian Investment Facility (FUIF).

As part of the first phase, EUR 80 million loan from the European Bank for Reconstruction and Development (EBRD) has already been attracted. Procurement is currently underway in line with the EBRD procedures.

This is one of Naftogaz Group strategic projects, aimed at strengthening Ukraine’s energy security amidst non-stop Russian attacks on energy infrastructure. The lengthy negotiation process is bearing fruit. We are thankful to our partners for their support and cooperation”, said Chief Executive Officer of Naftogaz Sergii Koretskyi.

The agreement was signed by Ukrnafta’s Executive Board member Maris Kunickis during a meeting between Finnish Prime Minister Petteri Orpo and First Deputy Prime Minister – Minister of Energy of Ukraine Denys Shmyhal.