Italy's Enel clinches deal to get rid of Russian business
Jun 17, 2022 9:04 CESTUPDATE - Ukraine stands to earn EUR 1.5bn from electricity trade with EU - report
Author: Rennett Stowe. License: Creative Commons, Attribution 2.0 Generic.
June 9 (Renewables Now) - Ukraine could pocket EUR-1.5-billion (USD 1.6bn) from power exports to the European Union by the end of the year, after this week securing the right to trade with neighbouring grids, news outlet Euractiv reported citing an adviser to the Ukrainian energy minister.
Ukraine’s lines to export power to Romania, Hungary, Slovakia and Poland are ready, the adviser, Lana Zerkal, was quoted as saying. Under normal circumstances, we will be able to earn about EUR 1.5 billion, Zerkal said in an interview with Ukrainian public broadcaster Suspilne, Euractiv reports.
The financial estimate comes just after Continental Europe transmission system operators (TSOs) established key technical conditions that will enable Ukraine to gradually start commercial electricity exports.
(EUR 1.0 = USD 1.074)
More stories to explore
Austria to phase out fossil heating by 2040
Jun 14, 2022 10:09 CEST
Ukraine's Naftogaz to import LNG, green hydrogen from Canada
Jun 13, 2022 11:02 CEST
Ukraine takes steps to enable power trade with neighbouring systems
Jun 08, 2022 14:24 CEST
EC presents REPowerEU Plan with new renewables, green H2 targets
May 18, 2022 17:03 CEST
Over EUR 2bn in impairments for Russian ops to weigh on Fortum’s Q1 results
May 03, 2022 10:12 CESTShare this story
Tags
About the author