GE Vernova signs Memorandum of Collaboration to restore hydropower facilities in Ukraine

London, 25 September, 2023, (Oilandgaspress) – GE Vernova today announced the signing of a Memorandum of Collaboration (MoC) between its Hydro Power business and Ukrhydroenergo, Ukraine’s largest operator of hydropower plants. As part of the two-year agreement, both companies will seek to identify opportunities to build and restore Ukraine’s hydropower facilities. In particular, the MoC identifies a new pumped storage plant of Kaniv (1 GW), the supply of 3 units of 324MW for the Dniester power plant, and the reconstruction of Kakhovka power plant (335 MW), which was damaged during the war. This MoC provides a framework for potential contractual agreements in the future.

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