Ukrnafta expects to install part of 63 MW of own generation this year with EUR45 mln from EBRD – CEO

Ukrnafta, the Ukrainian oil company, intends to construct a portion of its 63 megawatt (MW) self-generated capacity this year. The company has reached an agreement with the European Bank for Reconstruction and Development (EBRD) for a EUR 45 million donation to facilitate this project. According to Ukrnafta's CEO, Bohdan Kukura, the company has signed an agreement with the EBRD for EUR 45 million in donor funding to construct 17 facilities totaling approximately 63 MW.

Kukura mentioned that the company is currently in talks with the winner of the equipment supply tender, who is set to commence work soon. He expects that roughly 70-80% of this generation capacity will be utilized to maintain the continuous operation of Ukrnafta's facilities, while the remaining amount will be fed into the grid.

When asked about Ukrnafta's participation in the government's tender for 1.5 GW of new capacity, Kukura stated that the company is evaluating all opportunities but is focusing on building its own generation capacity independently of any tenders. Furthermore, Ukrnafta is in the process of establishing a massive 250 MW combined heat and power plant in collaboration with the EBRD to address the company's electricity and heat supply requirements.

This project is currently under consultation. As previously reported, Kukura informed during the interview that Ukrnafta experienced oil production losses of 150,000 tonnes in the first half of 2026, which includes both physical losses - oil burned due to shelling - and output not produced due to work stoppages caused by Russian attacks.

These attacks have negatively impacted the company's eastern production facilities by creating an unstable power supply situation.