REUTERS
Head of Ukraine's National Energy and Utilities Regulation Commission (NEURC) Dmitry Vovk says the country needs to invest EUR 3 billion to raise the share of renewable energy sources in the total balance of electricity output from 6 to 11%, as stipulated in the national action plan for the development of alternative energy.
"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.
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.