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New electricity market to allow Ukraine to attract up to $ 4 billion investments, - expert

According to the expert, the launch of the electricity market will provide significant benefits to the country as a whole. In particular, in the long run, the effect of its implementation will amount to $ 72 billion in additional GDP
21:15, 7 July 2019
Open source
The introduction of a new model of the electricity market will make it possible to attract up to $ 4 billion in investments in the industry to modernize energy companies and to increase electricity exports five times.

This opinion was expressed by Andrian Prokip, an expert of the Ukrainian Institute of the Future Energy Program, the Ukrainian News agency reported.

“Directly in the generation sector, the main beneficiaries will be Energoatom and Ukrhidroenergo state-owned companies, which would be able to attract from 2.9 to 4 billion dollars of investment. Building new and upgrading existing capacities as a result of attracting investment after the reform will increase exports - more than five times before 2027," Prokip believes.
Related: New electricity market operates successfully, - Ukraine's PM


He also noted that before the reform investors did not have the desire to enter the industry fully regulated by the state, where the rules of the game may vary depending on the situation on the political players.

According to the expert, the launch of the electricity market will provide significant benefits to the country as a whole. In particular, in the long run, the effect of its implementation will amount to $ 72 billion in additional GDP.

"According to the estimates of the Ukrainian Institute of the Future, the reform is capable of stimulating the creation of an additional 72 billion dollars until 2030. At the same time, as of today, the annual losses of the Ukrainian economy from not implementing the reform are estimated at more than 6.5 billion dollars annually," Prokip wrote.

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