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Attracting Investments for the Reconstruction of the Energy Sector: Results of the Second Day of ReBuild Ukraine 2025

15 November 2025, 12:35

On the second day of the ReBuild Ukraine 2025 International Exhibition, the delegation of the Ministry of Energy of Ukraine — consisting of Deputy Ministers Roman Andarak, Olha Yukhymchuk and Mykola Kolisnyk — took part in a series of events aimed at developing Ukraine’s energy sector and attracting investment for its modernization and transformation.

In particular, the Deputy Ministers held several meetings with international partners and representatives of foreign companies.

During a meeting with representatives of the G7+ Energy Coordination Group for Ukraine, Roman Andarak presented the current state of Ukraine’s fuel and energy sector following the latest Russian attacks, as well as its urgent needs. The participants discussed coordination efforts to provide equipment and materials necessary for restoring damaged facilities and re-establishing energy supply. Special attention was given to the protection of energy infrastructure and strengthening air defense.

At working meetings with representatives of Danish businesses and special envoys from partner countries, the parties discussed areas of cooperation in the energy sector, as well as opportunities to strengthen collaboration and introduce effective risk-mitigation tools to encourage private investment. Deputy Minister of Energy Olha Yukhymchuk noted that the key priorities for Ukraine’s energy sector are: strengthening protection and resilience of infrastructure — including air defense and physical security, ensuring a balance of capacity and timely repairs, enhancing natural gas supply, decentralizing the system, and modernizing it through distributed generation. International partners play a crucial role in enabling this transition.

During Roman Andarak’s meeting with Rhiannon Kempson, Deputy Director of the Department for Business and Trade for Eastern Europe and Central Asia of the UK Government, the parties discussed bilateral cooperation and mechanisms for supporting Ukraine’s energy sector. Particular focus was placed on innovation and attracting additional financing for investment projects.

Mykola Kolisnyk discussed enhancing cooperation in the gas sector with representatives of the government of Alberta, Canada. Ukraine is interested in engaging private companies from Alberta in joint investment projects, creating jobs, and developing its gas sector.

The Deputy Ministers also took part in several panel discussions.

Speaking on the panel “Unlocking Capital in Ukraine’s Energy Sector: Calibrating Needs,” Roman Andarak discussed the consequences of Russian attacks on energy facilities, the needs for restoring affected infrastructure, and ensuring stable passage through the winter.

During the panel “Development of the Nuclear Sector: Innovation, Investment, Future,” Mykola Kolisnyk emphasized that Ukraine has significant potential to develop new technologies in nuclear energy and is already working with international partners on several projects involving small modular reactors. At the same time, for the further development of the nuclear sector — not only in Ukraine but globally — the international community must ensure nuclear and radiation safety, starting with the example of the Zaporizhzhia Nuclear Power Plant occupied by Russia. Solutions must be developed to fully demilitarize the plant and return it under the full control of Ukraine’s licensed operator.

Speaking at the panel “Unleashing the Potential of Green Technologies in Ukraine,” Roman Andarak highlighted the development of renewable energy. According to him, 0.8 GW of new capacity has already been commissioned in 2025. Ukraine has received significant support from international partners — particularly through the Ukraine Energy Support Fund. Thanks to this support, 1.5 GW worth over EUR 647 million has already been financed. These include both completed initiatives and those at the outset of implementation. Work continues with international partners to attract additional assistance for repairs, as well as equipment and technological solutions needed to rapidly install additional generation.

During the panel “Renewable Gases: Strong Potential and Current Projects in Biomethane and Hydrogen,” participants discussed Ukraine’s prospects in this sector, as well as joint projects with European partners. Ukraine highly values its strategic partnership with the EU in the field of renewable gases. We aim to deepen cooperation, harmonize standards, and expand biomethane and hydrogen flows to Europe. Together, we can build a resilient, decarbonized gas market that enhances both energy security and climate goals.

At a market awareness seminar, Roman Andarak, together with representatives of the Energy Community Secretariat, briefed conference participants on the mechanisms and specific features of the Ukraine Energy Support Fund.

The Ministry of Energy closely cooperates with international partners, donors, and the private sector to create conditions for long-term investment. Our goal is to ensure that each project strengthens the resilience of the energy system and accelerates Ukraine’s integration into the European energy market.

To support the systematic development of Ukraine’s energy potential, the Ministry of Energy has prepared a comprehensive set of investment instruments that structure and present high-priority energy projects. The Investment Atlas includes over 150 energy projects with a total capacity of 1.7 GW and approximately USD 1.6 billion in investment needs across power generation, energy system development, district heating, and energy efficiency.

To protect investors, Ukraine is launching international risk-mitigation mechanisms together with the EBRD, the World Bank and the Ukraine Energy Support Fund. Every contribution strengthens Ukraine, strengthens Europe, and accelerates our shared path toward security, decarbonization and energy independence. Together, we are building a modern and resilient energy system for Europe’s future.