Page 73 - UKRRptSept23

US Senators have proposed a $1.8B bill to restore the energy sector of Ukraine. Two American senators introduced a bill for consideration by the upper house of Congress, allocating more than $1.8B to restore Ukraine's energy sector. In a statement from the House Committee on Foreign Affairs chairman, Robert Menendez, it notes that the bill aims to "attract American investments into the Ukrainian energy infrastructure and strengthen the energy security of Eastern Europe. It assumes assistance in the restoration and modernization of the energy infrastructure of Ukraine, as well as the provision of investments and technical assistance in Europe and South-Eastern Europe to reduce the region's dependence on Russian energy resources." The two US senators proposed to allocate a total of $1.88B for these specified purposes through the State Department and USAID.
9.1.10 Renewables sector news
Ukraine's energy regulator plans to resume debt repayments to clean energy producers. The National Commission for Regulation of the Energy Market has approved changes to a resolution approving legal acts that regulate the activities of the Guaranteed Buyer and the purchase of electricity through the Green Tariff. The decision should facilitate approval by the National Commission for State Regulation of Energy of the cost of the service to increase the share of electricity production from alternative sources provided by the state-owned enterprise Guaranteed Buyer. Also, to ensure debt repayment for electricity supplied since September 2022, the head of the regulator, Kostyantyn Uschapovskyi, said. Currently, Ukrenergo owes the Guaranteed Buyer UAH 25B ($0.68B). Therefore, the main reasons for untimely settlements with RES entities are consumer debt to Ukrenergo and the inability to calculate imbalances since September 2022.
9.1.11 Metallurgy & mining sector news
Ukraine produced 3.4 million tons of cast iron and improved in the world rankings. Ukraine's iron production rose from the seventeenth to the sixteenth position in the global ranking of 40 iron-producing countries, according to Worldsteel. Since the beginning of the year, these global metallurgical enterprises have produced 838.4 million tons of iron, which is 1.9% higher than the figure for the first seven months of 2022. The first place belongs to China, whose metallurgists smelted 528.92 million tons of pig iron (+3.5%). The share of Chinese pig iron in global production in January-July was 63.1%. As for steel, Ukraine retained the twenty-fifth position among 64 countries, with a production volume of 3.43 million tons in January-July (28.9% less than last year). World steel production for the first seven months of the current year amounted to 1.1 billion tons, which is 0.12% lower than in January-July 2022. China is also the global steel production leader, with 626.51 million tons (+2.5%).
9.1.12 Other sector news
73 UKRAINE Country Report September 2023 www.intellinews.com