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Project of Ukraine-EU energy bridge creates risks for Ukraine's power system, - Ukrenergo company

It is an unsound step - from the economic point of view and in the context of integration of Ukraine's energy system with Europe's power network, head of the company says
12:04, 14 August 2019

bigmir.net

The draft of the Ukraine-EU power bridge that envisages the extension of Burshtyn power hub may contain significant risks for Ukraine's energy system. Vsevolod Kovalchuk, the head of Ukrenergo company said this at a press conference in Kyiv.

According to him, the extension of the power hub by the means of construction of the energy bridge would be unsound from the economic point of view and in the context of integration of Ukraine's energy system with ENTSO-e, Europe's power network.

"Ukrenergo has repeatedly turned to Energoatom and the government, arguing that as of 2018 and 2019, the draft of Ukraine-EU bridge lost its advantage in comparison with 2014. A strategically important change took place in 2017, as the agreement on the unification of systems was signed with ENTSO-e", Kovalchuk said. 

According to Ukrenergo chief, the Polish side does not support the project; it is not agreed with the PSE Operator, the Polish system operator. Besides, the EU did not research the technical advisability of the project and its possible influence on ENTSO-e.

Related: Nord Stream II poses danger to EU energy independence, - EU Observer

Kovalchuk also assumes considerable expenses for the Ukrainian budget; the partnership agreement states that the partner receives commercial benefits from the energy sales to the EU market and the compensation of up to 21 percent per annum from the government.

The project is quite costly: 150 million U.S. dollars should be invested during the 2.5-year-long period. At that, if the project is implemented, the safety of work of the second power reactor of Khmelnytska power plant is not proven - in terms of lowering the in-house needs and dynamic fortitude. 

August 9, the commission of the Ministry of Energy and Coal Industry chose the partner for the project implementation; it is Ukraine Power Bridge Company, Ltd.

Related: Ukraine, European Commission agree on basics of EU energy rules implementation in Ukraine
 

 

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