- Hyundai signed an MoU with Ukrenego to boost the electric power transmission system.
- NPC Ukrenergo and the Swedish company Ingrid Capacity agreed to cooperate in the field of energy storage systems.
South Korea’s Hyundai Engineering & Construction have agreed to develop Ukraine’s NPC Ukrenergo electric power transmission system. The press service of Ukrenergo announced this on its Facebook page. Ukrenergo’s Board Chairman, Volodymyr Kudrytskyi and the Regional Director for Europe and North Africa of Hyundai Engineering & Construction (E&C), Hyung-Hwan Park, signed a Memorandum of Understanding in the presence of Ukraine’s Minister of Energy, German Galushchenko.
The agreement envisages a joint study of future areas of cooperation and potential opportunities for Hyundai E&C to participate in Ukrenergo projects. “Global businesses are looking for opportunities to invest in Ukraine, and the Ukrainian energy industry should become a key industry for successful investments in our development, and thus in the development of European energy security,” Kudrytskyi commented on the agreement.
Ukrenergo is ready to assist Hyundai E&C and other companies in effectively researching the investment attractiveness of energy projects. NPC Ukrenergo and the Swedish company Ingrid Capacity agreed to cooperate in the field of energy storage systems.