Ukraine is updating its electricity development strategy with a focus on 2050 to ensure stable generation capacity of 50 GW. As Prime Minister Denys Shmyhal stated, the main emphasis in the future will be on nuclear energy, which will produce the largest share of electricity in the country.
This is reported by Finway
Nuclear Energy: Prospects and Challenges
According to Shmyhal, at least half of the projected electricity volume should be provided by nuclear generation. Special attention is being paid to the construction of new power units, which will serve as the foundation for the industry’s development and increase the country’s energy independence.
“We are updating the electricity development strategy until 2050. We need to restore 50 GW of generation. The future is with nuclear energy: the most electricity will be produced by nuclear power,” said Shmyhal.
The Prime Minister emphasized that the implementation of such projects requires a long time and systematic state support. “Obviously, these are not projects of one or five years; this is a long-term strategy of the state,” he added.
Cooperation with the World Bank and Prospects for International Projects
Regarding the possible acquisition of equipment from the unfinished nuclear power plant in Bulgaria, Shmyhal noted that parliamentary approval from Bulgaria is necessary for this. This underscores the importance of international cooperation for the development of the energy sector.
In February of this year, Ukraine began joint work with the World Bank on a long-term Energy Strategy. This document is intended to define new approaches to the development of the energy sector and create a clear roadmap for modernizing the energy system.
Back in May 2023, the Cabinet of Ministers of Ukraine approved the Energy Strategy until 2050 at the proposal of the Ministry of Energy; however, this document was classified. Nevertheless, the current update of the strategy aims for transparent and ambitious planning for the development of Ukraine’s energy independence in the coming decades.