Top Energy Companies Commit to Ukraine’s Bright Future

At the opening of this week’s international conference “Power Summit 2022” in Brussels, Ukraine’s Deputy Minister of Energy, Farid Safarov, had some positive news.

In his role in charge of digital transformation and digitalisation of the energy sector, Safarov stressed that Ukraine could become a key investment hub among European companies, with possible construction of new, efficient and environmentally friendly energy infrastructure.

The Power Summit is widely recognised as a must attend event, where leaders of the European power sector and senior decision makers meet, exchange and plan for the future. June’s event brought together various leaders from the European energy sector, including leading energy companies.

Safarov said: “Ukraine’s reconstruction after the war will provide many opportunities, and I invite you to plan now what we can do together. One idea is that an energy company chooses a region, district or city to help rebuild the energy infrastructure, make it better, more environmentally friendly and safer.”

He added that Ukraine is already receiving significant assistance and support from the international community in the fight against Russian aggression.

According to Safarov, 33 companies have received 300 generators, 45 kilometers of cables, 560 overhead line pylons and 11,000 units of other specialized equipment provided by European companies.

He passed on his gratitude to everyone, especially the EU Commissioner for Energy, Kadri Simson, for leading international assistance. In addition, he expressed appreciation for the effective coordination of the Secretariat of the Energy Community.

Safarov also acknowledged support received from the European Commission, particularly the integration of Ukrainian and European energy markets. He asserted that Ukraine can become a reliable supplier of clean electricity, helping Europe cast off its reliance on Russian gas and coal.

Reprinted from our partner publication The Odessa Journal.