REUTERS

"In order to implement the national action plan for renewable energy, extra EUR 3 billion needs to be invested to produce 5.5 billion kWh alone," the NEURC head said at a round table on alternative energy.

He went on to say that the annual investment at the current tariffs will amount to EUR 700 million.

Read alsoWeek’s balance: legitimized blockade, sanctioned banks, and EUR 600 million EU aid"The implementation this plan [increasing the share of alternative energy from 6% to 11% in the total energy balance] will result in a 12% rise in power rates, while the increase in the share of renewables to 20% will translate into 27% price hikes," he said.

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As UNIAN reported earlier, Ukraine adopted a national action plan to increase the share of alternative energy in the overall energy balance from the current 6.6% to 11%. These estimates also include the share of large-scale hydro power plants.