GE Vernova announced the signing of a Memorandum of Collaboration 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, the supply of 3 units of 324MW for the Dniester power plant, and the reconstruction of Kakhovka power plant, which was damaged during the war. This MoC provides a framework for potential contractual agreements in the future. “We are proud of this collaboration we are initiating with Ukrhydroenergo. These facilities are critical to powering Ukrainian houses, schools, hospitals and businesses with clean and reliable electricity,” explained Frederic Ribieras, CEO of GE Vernova’s Hydro Power business.
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