During the international conference URC2025 held in Rome, Ukraine signed a series of strategic agreements aimed at the restoration and development of the hydropower sector. The European Investment Bank (EIB) has become a key partner in these agreements, providing a €200 million loan for the implementation of large-scale projects in the field.
This is reported by Business • Media
Large-Scale Modernization of Hydroelectric Power Plants
The first tranche of €120 million will be received by the company “Ukrhydroenergo”. The funds will be directed towards enhancing stability and modernizing key equipment at hydroelectric power plants. This modernization will significantly increase the reliability and operational resilience of energy facilities, which is critical for the country’s energy security.
International Cooperation for Energy Development
In addition to financing from the EIB, an agreement has been signed with the Italian company Webuild, which will participate in the development of the Dniester hydropower complex. This will contribute to increasing the balancing capacities of the energy system, which is particularly important given the growing share of renewable energy in Ukraine.
Separately, the German company Voith Hydro has joined the collaboration, helping to implement modern training programs and organize staff retraining. This will allow for the modernization of Ukrainian hydropower in line with leading international standards.
International support not only helps restore damaged infrastructure but also implements long-term solutions for energy independence and Ukraine’s green transition.
Such agreements bring Ukraine closer to creating a modern, resilient, and independent energy system, while also facilitating the country’s integration into European energy markets.