The Contract was concluded on the basis of the international bidding procedure in the framework of the Ukraine - Improving Power System Resilience for European Power Grid Integration (Installation of Hybrid Systems for Electricity Production in Ukrhydroenergo) Project financed by the International Bank for Reconstruction and Development (IBRD).
Ukrhydroenergo continues strategic cooperation with Ukrainian manufacturers and uses the loan funds raised to develop the Ukrainian energy sector, thereby supporting the national economy in the context of wartime conditions.
"For us, cooperation with Ukrainian manufacturers is synonymous with reliable partnerships, jobs for Ukrainian specialists, taxes paid to the state budget, and quality equipment at our facilities. We would like to thank our long-standing partners, Ukrainian Energy Machines, for their commitment to joint projects aimed at strengthening power generation, - says Interim Director General of Ukrhydroenergo Bogdan Sukhetskyi. - We also thank the International Bank for Reconstruction and Development for the trust and loan financing. With this support, we can quickly respond to challenges, use resources efficiently, and regularly update and refurbish equipment, thus improving the reliability of hydropower plants".
"This cooperation is of strategic importance for the joint-stock company Ukrainian Energy Machines. In the current conditions, every energy project implemented in Ukraine contributes to strengthening the state, increasing the stability of the energy system, and bringing it closer to European standards of operation. We are convinced that the development of Ukrainian power generation should be based on the potential of domestic machine building," - says Viktor Subotin, CEO of JSC Ukrainian Energy Machines.
