At this stage, companies with submitted projects totaling over 440 MW are advancing to the next round. This initiative is a key part of Ukraine's strategy to enhance its energy infrastructure amid challenging economic and geopolitical conditions.
Overview of the Competition
According to ExPro Electricity analyst Daria Orlova, the selection process is well underway. The competition is designed to develop new energy capacities in two stages:
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First Stage: Procurement of 700 MW, divided into two lots:
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Lot 1 (500 MW): Priority regions including Kyiv, Chernihiv, Cherkasy, Poltava, Sumy, Kirovohrad, Mykolaiv, Odesa, Kharkiv, Dnipropetrovsk, Zaporizhia, Donetsk, Luhansk, and Kherson.
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Lot 2 (200 MW): Other regions such as Ternopil, Chernivtsi, Vinnytsia, Zhytomyr, Ivano-Frankivsk, Lviv, and Zakarpattia.
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Commissioning Date: Projects are scheduled to be operational by the end of 2027.
The competition has already garnered significant interest from investors, with 14 applications submitted to Ukrenergo’s competition for 700 MW as of March 6.
Companies Advancing to the Next Round
The following companies have successfully met the qualification requirements by submitting projects with a combined capacity of over 440 MW:
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PJSC "Ukrnafta":
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Three facilities: 19.88 MW in Poltava and Cherkasy regions, and 27.24 MW in Lviv region.
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LLC "Stantsiya Industrialna":
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25 MW in Ivano-Frankivsk region.
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LLC "Inzhur Energy":
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50 MW in Kyiv.
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LLC "Magnat Energo":
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79 MW in Ivano-Frankivsk region.
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LLC "SP Agrodar":
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Two facilities: 16.1 MW in Chernihiv region and 63.2 MW in Ivano-Frankivsk region.
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LLC "Agroholding Radosvit":
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Four facilities: 9.2 MW in Kyiv region, and 40.9 MW, 16.1 MW, and 13.8 MW in Chernihiv region.
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LLC "Dalort":
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10 MW in Kyiv region.
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LLC "North Land":
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6.9 MW in Ivano-Frankivsk region.
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PrJSC "Kryvyi Rih Cement":
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Three facilities: 9.4 MW, 9.2 MW, and 9.2 MW in Dnipropetrovsk region.
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LLC "Power 1":
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Two facilities of 9.2 MW in Transcarpathia.
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Companies That Did Not Meet the Qualification Criteria
Not all applicants made the cut. The following companies were excluded from the qualification selection:
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Tysagaz LLC:
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7 MW in Transcarpathia (currently under NSDC sanctions).
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Liss Energy LLC:
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25 MW in Zhytomyr region (lacks proven experience in projects over 20 MW).
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Ecoera LLC:
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20 MW in Ivano-Frankivsk region (application submitted by a contractual association that is not a legal entity).
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Strategic Implications for Investors and the Energy Sector
Ukrenergo Chairman Oleksiy Brecht highlighted that the main selection criterion will be the cost of building a unit of capacity, which will be compensated by the electricity transmission tariff for 10 years after commissioning. This focus on cost-effectiveness is intended to stimulate investment in new energy capacities, especially under wartime conditions when investors tend to be more cautious about large-scale projects.
This competition represents a strategic effort to modernize Ukraine’s energy sector, improve operational efficiency, and create a more resilient infrastructure capable of meeting future challenges. For foreign investors and businesses looking to enter the Ukrainian market, this development signals robust opportunities in the energy sector and reinforces the country's commitment to energy innovation.
Conclusion
The current selection process for new generating capacities in Ukraine has highlighted a competitive and diverse group of companies ready to contribute to a more modern and sustainable energy system. With a clear focus on cost efficiency and strategic expansion, this initiative offers significant opportunities for investors, both local and foreign, to participate in Ukraine’s energy transformation journey.
Stay informed on further developments in Ukraine’s energy sector and explore how your business can leverage these opportunities for long-term growth and innovation.
