The Supervisory Board of Ukrhydroenergo approved a 3-year financial plan
The strategic plan for 2025–2027 provides for infrastructure modernization, implementation of new projects, and introduction of innovative technologies
The Supervisory Board of PJSC "Ukrhydroenergo" was the first among state-owned companies to approve the financial plan for 2025. At the same time, the medium-term strategic plan for 2025–2027 was approved. This was reported by the company's press service.
These documents were developed based on the key financial, operational and non-financial indicators set out in the List of Expectations of the Owner of PJSC "Ukrhydroenergo" for 2025, approved by the Cabinet of Ministers on December 20, 2024.
The financial plan of Ukrhydroenergo for 2025 was approved under new rules that meet OECD requirements, the company noted. The statement also notes that previously such powers were within the competence of the shareholder, but now this right has been transferred to the Supervisory Board, which significantly strengthens the company's corporate governance.
"We were the first among state-owned companies to pave the way for strengthening corporate governance. Thanks to the updated legislation, we are setting high standards of compliance, which is an important factor in attracting investment and ensuring the sustainable development of the company. These plans provide clear guidelines for achieving financial, operational and non-financial goals, which are consistent with the sustainable development strategy of Ukrhydroenergo and the expectations of the state as a shareholder," emphasized Valentyn Hvozdiy, Chairman of the Supervisory Board of Ukrhydroenergo.
The strategic plan for 2025–2027 provides for infrastructure modernization, implementation of new projects, and introduction of innovative technologies. Such decisions of the Supervisory Board are aimed at ensuring stable development, optimizing financial activities, and strengthening Ukrhydroenergo's leading position in the energy market, the company explains.
PJSC "Ukrhydroenergo" is a hydropower company that, by 2022, included ten stations on the Dnieper and Dniester rivers: Kyiv HPP and Kyiv PSP, Kaniv HPP, Kremenchug HPP, Sredneodneprovskaya HPP, Dniprovskaya HPP-1 and Dniprovskaya HPP-2, Kakhovka HPP, Dnistrovsky HPP and Dnistrovsky HPP. Kanivka HPP and Kakhovka HPP-2 were in the process of preparation for construction.
As reported by "Ukrainian Energy", as of mid-November 2024, "Ukrhydroenergo" has attracted over $600 million from international partners, which are provided not only as loans, but also as investments in the future of the Ukrainian energy sector. Despite more than 140 missile strikes and the loss of 40% of its capacity, "Ukrhydroenergo" is actively investing in the protection and restoration of energy infrastructure.
