GE Vernova has signed a Memorandum of Collaboration between its Hydro Power 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 pumped storage plant, Kaniv (1 GW), the supply of 3 units of 324 MW for the Dniester power plant, and the reconstruction of Kakhovka power plant (335 MW, pictured), which has been damaged during the war. This MoC provides a framework for potential contractual agreements in the future.

GE Vernova is reaffirming its commitment to Ukraine and is accelerating efforts to assist in maintaining and rebuilding Ukraine’s electric grid.

“We are pleased to see GE as our partner for the restoration of the Kakhovka Hydro Power Plant and other facilities that were damaged. We expect a dynamic level of co-operation, leading to a clear plan for the implementation of works by the end of the year,” commented Mr Ihor Syrota, the director general of Ukrhydroenergo.