Energy Minister, EBRD discuss formation of Ukrenergo supervisory board, renewable energy development

Ukrainian Energy and Coal Industry Minister Ihor Nasalyk and representatives of the European Bank for Reconstruction and Development (EBRD) have discussed holding a tender for the positions of independent members of the supervisory board of Ukrenergo, the ministry's press service has reported.

"The issues of corporatization of state-owned companies and the formation of the independent supervisory board of Ukrenergo are among the most topical issues in reforming the energy sector," the minister said.

The sides also discussed the development of renewable energy in the country. EBRD representatives suggested further discussing the possibilities of legislative regulation and financing renewable energy projects in Ukraine taking into account international experience.

Nasalyk noted the expediency of considering the issue of introduction of energy storage devices, which will make it possible to use additional renewable energy power.

"The introduction of energy storage will make it possible to gradually reduce the use of TPPs and fulfill Ukraine's obligations to reduce emissions," the minister said.

As reported, Ukraine's Ministry of Energy and Coal Industry announced a tender to select four independent members for the supervisory board of Ukrenergo. Applications and documents for participation in the tender are accepted until March 2, 2018.