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DTEK's subsidiary will invest in a project to develop electricity storage systems in Poland

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DTEK's subsidiary DRI has signed an agreement to acquire shares in Polish company Columbus Energy, which will allow it to build 133 MW of electricity storage in southern Poland, an important step towards integrating the energy systems of Ukraine and the EU.

A subsidiary of DTEK has signed an agreement to acquire shares in the Polish company Columbus Energy, which will enable it to build electricity storage systems, DTEK reported, UNN reports.

Details

Yesterday, DTEK's subsidiary DRI signed an agreement to buy shares in a special project company set up by Polish company Columbus Energy. This agreement will allow DRI to build 133 MW of electricity storage systems in southern Poland, subject to obtaining the necessary permits.

The project received support from the Polish capacity market from 2027 for 17 years.

This is an important test project for Central and Eastern Europe, which will demonstrate how electricity storage systems can be successfully implemented. We are strengthening our partnership with EU countries, and this project is an important step towards the integration of the power systems of Ukraine and Poland

- said DTEK CEO Maxim Timchenko. 

DTEK notes that the project is aimed at creating a unified European energy system that should unite Ukraine and the European Union. The company also emphasized that this agreement is an important step in DTEK's plans to integrate the Ukrainian energy market into the EU's global market.

DRI plans to finalize the agreement with Columbus Energy in the coming months and begin construction on the site in the fourth quarter of 2024, with a view to completing construction and commissioning the facility in early 2026.

Recall

Russia's attack on Ukraine's power grid on March 22 was the largest ever in a full-scale invasion, damaging power generation and distribution facilities, and the recovery process is expected to take a long time.