Page 117 - UKRRptJul24

9.2.9 Utilities corporate news
Ukraine lost $11B in the terrorist act at the Kakhovka HPP; reconstruction of the dam will take up to seven years. The Russians caused $11B in damage to Ukraine when it blew up the Kakhovka HPP, which occurred on June 6, 2023. About 100,000 Ukrainians and 140,000 residents of the region were affected by the dam's detonation and the resulting devastation left them without electricity. The consequences of the terrorist attack were felt by 37,000 private houses, and about 15% of them were destroyed. The agricultural yield in the region decreased by 70%.
Ukrhydroenergo will submit a lawsuit to the International Court of Arbitration against Russia with a demand for compensation for lost profit and the $2.5B cost of construction and restoration of the station. Ukrhydroenergo has already filed a lawsuit with the European Court of Human Rights against Moscow asking for compensation of ₴17B in damages caused to the Kakhovka HPP and the unfinished wind farm on Zmiiny Island. According to preliminary calculations, after the territory’s de-occupation it will take 6-7 years to rebuild the power plant.
Ukrenergo signed a €15M grant agreement with the German state development bank, KfW. The company said the funds would be used to purchase critical equipment and restore high-voltage substations after Russian terrorist attacks. In two days, Ukrenergo received €45.4M to restore the power system. Ukrhydroenergo and American company AECOM signed a memorandum on cooperation in implementing projects to restore destroyed hydropower generation. AECOM has many years of professional experience in developing, designing, and reconstructing hydropower facilities and dams worldwide. The company will provide technical consultation during the restoration of Ukraine's hydropower infrastructure. Ukrhydroenergo suffered 118 missile strikes to its stations and lost 45% of its hydrogen generation. The company plans to restore one GW of capacity by winter and, in the medium term, to build 2,500 MW of new capacity. In turn, the Netherlands is allocating a new €138M aid package to repair vital energy infrastructure and provide humanitarian aid and business recovery initiatives.
9.1.10 Renewables corporate news
The Ukrainian leader in biogas energy generation is unable to restore operations at three TPPs using biomass. The Clear Energy group of companies, which is engaged in the construction and operation of bio-thermal power plants, wind turbines, and thermal power plants, never managed to put its biomass thermal power plants into operation, and power generation was stopped in the middle of last winter due to their unprofitability, said the chairman of the supervisory board of the group, Petro Bahrii. As he specified, the company's thermal power plants and a total of 54 MW of biomass capacity are currently idle due to a shortage of raw materials. "The price set by the State Forestry Agency is unacceptable," he said. At the same time, Bahrii emphasized that these 54 MW of power could be helpful to the power system now and in the winter period. At the beginning of the year, Clear Energy had to stop its three biomass thermal power plants, with a total capacity of 22 MW, due to the increase in fuel chip prices regulated by the State Forestry Agency; the plants were unprofitable even under the green tariff.
117 UKRAINE Country Report July 2024 www.intellinews.com