Minister of Energy of Ukraine German Galushchenko met with Geoffrey Pyatt, U.S. Assistant Secretary of State for Energy Resources and coordinator of the G7+ countries’ efforts to help Ukraine restore its energy infrastructure, at the Ukraine Recovery Conference in London. The meeting was attended by Deputy Assistant Secretary at the U.S. Department of Energy Joshua Volz and Deputy Minister of Energy of Ukraine Yaroslav Demchenkov.
The parties discussed energy security, sector priorities, including preparations for the heating season, and the challenges facing the Ukrainian energy sector at different stages of its transformation.
“Ukraine is currently undergoing the largest ever repair campaign of energy facilities. Electricity generation and distribution facilities are being restored, and work is also underway to strengthen the resilience of the power system to the challenges of war,” said German Galushchenko.
The Minister emphasised the need to build up equipment reserves and maintain a high level of flexibility in the power system to ensure its ability to adapt quickly in the event of further enemy attacks during the next heating season.
The parties also discussed the challenges of balancing the system, in particular by exploiting the opportunities for commercial electricity exchanges between Ukraine and European countries.
Special attention was paid to the decisions and measures taken by the Ukrainian side to reform and liberalise the electricity market, including the lifting of price caps, tariff increases and the creation of conditions for the demonopolisation of the market.
The Energy Minister also discussed with his American counterpart the possibility of U.S. support for projects aimed at developing renewable energy sources in Ukraine, creating an energy storage system, and developing networks and infrastructure for a decentralised system.