Deputy Minister of Energy and Coal Industry of Ukraine on European Integration Natalia Boyko met with Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Ukraine Mr. Lee Yang-goo and Executive Vice President of Doosan Heavy Industries & Construction Hyounghee Choi.
The meeting was organized with the assistance of the Embassy of the Republic of Korea in Ukraine with a view to discussing possible proposals for cooperation with Ukraine. Natalia Boyko placed an emphasis on priority tasks aimed at strengthening energy security, including diversification of supply of energy resources and acceleration of integration of the united energy system of Ukraine into a European grid. She also stressed that Ukraine is carrying out the energy sector reform and the formation of the electricity market in accordance with the European Union's Third Energy Package, which requires measures to modernize and implement modern technologies and new IT solutions. "In reforming the energy sector, both the regulatory framework and the introduction of new technological solutions are important," Natalia Boyko noted. At the same time, she assured that the implementation of the new legislation creates a favorable investment climate, which is a good signal for investors who are interested in entering the Ukrainian market. she also informed about the modernization of coal-mining enterprises, privatization processes and the peculiarities of state support in the energy sector.
The Ministry of Energy and Coal Industry signed a memorandum with South Korean companies KEPCO and KOTRA on cooperation in the area of energy sector reform and exchange of experience in the field of integration of renewable energy sources and implementation of Smart Grid technologies. According to the Memorandum, the parties also agreed to exchange information regarding the energy sector of each country, energy storage systems, disconnection management, cooperation to reduce energy losses during its transmission and distribution, and etc.