GE Vernova to rebuild Ukraine’s damaged hydropower plants

• 7 months ago (2023-09-29)
• David Flin

Europe 1061 Hydropower 112

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GE Vernova has announced the signing of a Memorandum of Collaboration (MOC) between its hydropower business and Ukrhydroenergo , Ukraine’s largest operator of hydropower plants.

As part of the two-year agreement, both companies will seek to identify opportunities to build and restore Ukraine’s hydropower facilities. In particular, the MOC identifies a new 1 GW pumped storage plant at Kaniv, the supply of three units of 324 MW for the Dniester power plant, and the reconstruction of the 335 MW Kakhovka power plant, which was damaged during the Russian invasion of Ukraine.

This MOC provides a framework for contractual agreements in the future.

Frederic Ribieras, CEO of GE Vernova’s Hydropower business, said: “We are proud of this collaboration we are initiating with Ukrhydroenergo. These facilities are critical to powering Ukrainian houses, schools, hospitals, and businesses with clean and reliable electricity.”