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Czech company signs deal for hydropower reconstruction in Ukraine

Ukrainian state-owned hydropower company Ukrhydroenergo has signed a Memorandum of Cooperation with Czech machine manufacturing company ZDAS on the reconstruction and development of Ukraine’s hydropower sector (17 July).

The cooperation between both sides aims to develop Ukraine’s fuel and energy complex and create state-level incentives and guarantees to promote investment and innovative technologies in the energy sector.

During the meeting, Ukrhydroenergo CEO Ihor Syrota said that Ukrainian experts are ready to share their experience with Czech colleagues regarding work in the energy sector during times of war and are also willing to learn from the Czech experience in implementing innovative energy projects.

“More than 50 hits were made on our facilities during the war, and we lost part of our working capacity. The loss of the Kakhovka hydropower plant was especially critical. Therefore, we will need the help of all countries to overcome the crucial situation in the country’s energy sector. We are trying to recover as quickly as possible and fulfil the task set by the President of Ukraine – to be fully prepared for the autumn-winter period. However, the enemy is cunning and will not hesitate to deal a devastating blow to our energy infrastructure, especially in winter. Our task is to recover to the maximum and build defensive structures,” Mr Syrota emphasised.

“We are interested in cooperation in the business sphere, as economic diplomacy is the best diplomacy. In the Czech Republic, we believe that Ukraine will emerge victorious in the fight against aggression. Now we provide support to Ukraine. And we are ready to continue cooperating and supporting Ukraine in reconstruction and providing comprehensive support on the international level even after the war ends,” said Czechia’s Extraordinary and Plenipotentiary Ambassador to Ukraine Radek Matula.

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