USUBC Hosts Signing of DTEK and GE Vernova MoU to Advance €900 Million Gas Power Project in Western Ukraine

On 25 June, USUBC was honored to host a ceremony of signing the Memorandum of Understanding between two of our esteemed members: GE Vernova and DTEK, on a EUR 900 million coal-to-gas conversion project to develop a new 650 MW combined-cycle gas turbine power plant at DTEK’s Burshtyn site. The project is part of DTEK’s coal-to-gas conversion programme, designed to provide flexible generation supporting grid balance and renewable energy integration, with commercial operation targeted before 2032.

The Burshtyn project and DTEK’s 650 MW Poltava Wind Power Plant were both named among 18 flagship investments under the Ukrainian government’s Economy of the Future plan.

The MoU was signed by Maxim Timchenko, CEO of DTEK and Roger Martella, Chief Corporate Officer & Chief Sustainability Officer of GE Vernova, who made remarks on the significance of the project and the partnership.  The signing ceremony was moderated by Irina Paliashvili, USUBC’s President & CEO, and was greeted by the welcome remarks from Denys Shmyhal, First Deputy Prime Minister and Minister of Energy of Ukraine, Joshua Volz, Special Envoy for Global Energy Integration at the U.S. Department of Energy and Amb. Geoffrey Pyatt , Chairman of the DTEK Advisory Council.

USUBC is grateful to DTEK and GE Vernova for entrusting us with hosting this important ceremony, emphasizing the alignment of USUBC’s mission with this major milestone in U.S.-Ukraine bilateral cooperation. We wish DTEK and GE Vernova the best of success with this groundbreaking project that will help restore reliable generation, strengthen the country’s energy security, and support Ukraine’s recovery in the years ahead.