In the framework of the 6th German-Ukrainian Business Forum, Ukrhydroenergo and Andritz Hydro GmbH signed agreements on cooperation in the implementation of projects to modernize hydropower plants and produce green hydrogen in the presence of the Minister of Energy of Ukraine, German Galushchenko.

The relevant memorandums were signed by Ukrhydroenergo CEO Ihor Syrota and Managing Director of Andritz Hydro GmbH Dominik Fust.

It is planned to raise more than EUR 50 million to modernize the Dniester Hydropower Plant damaged by russian attacks.

The parties will also collaborate on green hydrogen production projects. One of the tools for implementing these projects is H2Global financing. The relevant memorandum was signed for a period of three years.