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  • SEERC REGIONAL CONFERENCE: UKRAINIAN POWER SECTOR FORMS ONE OF THE LARGEST INVESTMENT MARKETS FOR EUROPEAN POWER ECONOMY

    The goals currently pursued by Ukrenergo and other power companies are generating demand for modern IT solutions. At the same time, the Ukrainian power system is one of the largest in Europe, and therefore, given the set challenges and tasks, Ukraine is now creating a huge investment market in the power industry.

    This was stated by CEO of Ukrenergo Vsevolod Kovalchuk at the Second SEERC Regional Conference 2018: Energy Transition and Innovations. The event is organized by the International Council on Large Electric Systems CIGRE on June 12-13, 2018 in Kyiv. Ukrenergo acted as the partner of the Conference.

    The event is taking place with the participation of the Secretary General of CIGRE Philippe Adam, the former President of CIGRE Klaus Froehlich, as well as heads and representatives of CIGRE National Committees of France, Austria, Greece, Macedonia, Slovenia, Ukraine, Turkey, Bulgaria, Georgia and other countries of Southeastern Europe.

    “All innovations being introduced at Ukrenergo are based on IT solutions. Our loan portfolio as a transmission system operator amounts to approximately EUR 1.5 billion. Every year, we plan to invest more than EUR 50 million in IT technology,” said Vsevolod Kovalchuk. “During the next six years, we plan to automate more than 100 substations. For other transmission system operators, this is a common practice, but we need to make a lot of efforts in order to achieve this goal. At the same time, given the significant number of cyberattacks Ukraine has suffered in recent years, we should remember about cyber security when renovating any assets.”

    In addition, the Conference participants pointed to the need to create favorable conditions for new investments in the power sector of Ukraine. As noted by Oleksandr Svetelik, President of the Ukrainian National Committee of CIGRE, Ukrainian power industry should gradually implement measures to ensure market conditions, including pricing procedures. “The cost of energy should be determined by the market. In the case of natural monopolies, we should apply the mechanisms of stimulating tariff formation, which have already proven themselves in Europe,” he emphasized.

    Philippe Adam, Secretary General of CIGRE, noted that the organization was seeing its role in building up a modern energy system, which sometimes had to find solutions to smooth out controversies. “We must ensure that the industry maintains a high level of trust and reliability of [electricity] supply. And we have to produce the most valuable economic decisions,” he said.

    Besides, during the Conference, ENTSO-E System Planning Advisor Andrii Vovk mentioned that ENTSO-E was at that time waiting for completion of synchronization of the power systems of Ukraine and Moldova with the European grid. “ENTSO-E Network Development Plan (TYNDP) for the period from 2020 will include the grid models of Ukraine and Moldova, as well as the proposed projects that meet the requirements of TEN-Y Regulation (EU Regulation 347/2013 – Ed.),” he added.

    The theme of the Conference is aimed at solving urgent issues of modernization and development of the power sector of SEERC Region – Southeastern Europe. The event covers such key issues as the impact of electricity demand on the state of regional markets, ensuring power systems stability, automated and smart electricity grids, as well as hardware and software innovations in power systems of the region.

    For reference.

    The International Council on Large Electric Systems CIGRE (Conseil International des Grands Réseaux Electriques) is a permanent non-government and non-profit international association with its headquarters in Paris.

    The main task of this NGO comprises the exchange of technical knowledge and information between engineering staff and technical experts from all countries in the field of generation and transmission of electricity under the conditions of high voltage.

    CIGRE is recognized as the world’s leading electric power association, covering technical, economic and organizational issues in the field of electricity, as well as regulation and environmental issues.

    SEERC (South Eastern European Region of CIGRE) means the Regional Council of CIGRE members from Southeastern European countries (Austria, Bosnia and Herzegovina, Croatia, Czech Republic, Slovakia, Greece, Hungary, Italy, Macedonia, Montenegro, Romania, Serbia, Slovenia, Turkey, Ukraine and the CIGRE headquarters in Paris)

    The International Council on Large Electric Systems CIGRE in Ukraine acted as the organizer of the Conference.

    The event is arranged with the support and with the participation and assistance of the International Exhibition Center, the Cabinet of Ministers of Ukraine, the Committee of the Verkhovna Rada on Fuel and Energy Complex, Nuclear Policy and Nuclear Safety, the Ministry of Energy and Coal Industry of Ukraine, the Ministry of Foreign Affairs of Ukraine, the Ministry of Economic Development and Trade of Ukraine, the National Energy and Utilities Regulatory Commission of Ukraine and Kyiv City State Administration.

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