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Ukraine's Energy
Future

A white paper by DTEK
Advisory Council
Ukraine's Energy Future
“Ukraine does not lack resources. What it needs is a stable, predictable and market-oriented framework that gives investors confidence to commit capital over the long term. The opportunity is enormous, but unlocking it requires deeper deregulation, stronger corporate governance and greater private participation across the energy sector.” Read biography
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Anders Aslund
DTEK Advisory Council Member and lead author of the report
Don't rebuild the past.
Build the future.
Ukraine's energy system is under attack, but the future of that system is not a question of repair. It is a question of vision.
In this white paper, members of DTEK's Advisory Council set out a bold argument: Ukraine should not rebuild the Soviet-era energy system that russia is destroying. Instead, reconstruction should be used to build.
Europe's most modern, resilient and market-driven energy system. A system that strengthens Ukraine's sovereignty and Europe's energy security at the same time.
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Why this paper, <br>why now
Why this paper,
why now
Why this paper,
why now
Five years into a full-scale war on its energy infrastructure, Ukraine faces a choice that will define the next generation.
Rebuild what was there before or seize the opportunity to leap ahead: decentralised, renewable, integrated with Europe, and open to private investment.
The Advisory Council believes the second path is not only possible. It is essential.
Five years into a full-scale war on its energy infrastructure, Ukraine faces a choice that will define the next generation.
Rebuild what was there before or seize the opportunity to leap ahead: decentralised, renewable, integrated with Europe, and open to private investment.
The Advisory Council believes the second path is not only possible. It is essential.
“Ukraine has built a new energy system that is more robust, more resilient, more decentralised, and fully integrated with Ukraine’s future membership in the European Union. What’s really going to move the needle, I am convinced, is the growth of private Ukrainian companies and the injection of capital from international private counterparts.” Read biography
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Geoffrey Pyatt
Chairman of DTEK Advisory Council
Six conclusions from the Advisory Council
Ukraine can become a major European energy power

Ukraine can become a major European energy power

The country's natural resources, geography, and human capital position it to be more than an aid recipient. It can be a supplier of energy and expertise to the whole continent.
Resilience means decentralisation

Resilience means decentralisation

The war has proven that large, centralised assets are vulnerable. The future is smaller, smarter and more distributed: wind, solar, batteries, hydro, nuclear, and modernised grids.
Full integration with European energy markets

Full integration with European energy markets

Synchronisation with the European grid in 2022 was historic. The next step is deep market integration: trading electricity, gas and flexibility across borders as a single European system.
Gas is Ukraine's biggest untapped opportunity

Gas is Ukraine's biggest untapped opportunity

With the right reforms and investment, Ukraine could significantly expand production, restore itself as a major producer, and use its vast storage capacity as a strategic European asset.
Market reform and private investment are essential

Market reform and private investment are essential

Deregulation, competition, stronger governance and greater private-sector participation are the foundations of a modern energy system. Without them, the potential cannot be unlocked.
International capital must be part of the answer

International capital must be part of the answer

The scale of transformation requires long-term partnerships with international investors, IFIs and allied governments. Ukraine has the resources and the demand. It needs the capital and the confidence.
For journalists, investors
and policymakers
Whether you are covering Ukraine's reconstruction, considering investment opportunities, or shaping policy in Brussels, Washington or Kyiv, we would be glad to hear from you.
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