In the conditions of martial law and taking into account the systematic attacks of the Russian Federation on the energy infrastructure of Ukraine, there is a need to purchase hydropower and generator, crane and hydromechanical equipment to ensure the stability of the operation of four hydroelectric power plants of PrJSC "Ukrhydroenergo", which will consequently support the stability and liquidity of PrJSC "Ukrhydroenergo". The main objective of the Project is to ensure the stable operation of PrJSC "Ukrhydroenergo" in the conditions of martial law, as well as to carry out emergency and recovery replacement of equipment to increase the operational reliability and trouble-free operation of four hydroelectric power plants of PrJSC "Ukrhydroenergo". The goal of the project will be achieved by financing capital costs for the turnkey supply (purchase, delivery to the construction site, installation and commissioning): - Two special gantry cranes (2x350 tons) for the Dniester HPP; - One gantry crane (2x225 tons) for Kaniv HPP; - Hydropower equipment (generator and turbine) hydro unit No. 17 for Dnipro HPP-2; - Hermetic (metal) covers over hydro units for Kyiv HPP and Kaniv HPP.

The need to ensure the stability of the operation of the Company's four hydroelectric power plants by purchasing hydropower equipment (turbine and generator) for the Dniprovska HPP branch, which was damaged as a result of the Russian military aggression in Ukraine, crane equipment for the Kanivska HPP and Dniester HPP branches, as well as hydromechanical equipment (overhead covers) for the Cascades of Kyiv HPPs and PSP branch, which has undergone significant physical wear and tear over the years of operation and has become obsolete, has been repaired many times and does not meet modern requirements for HPP equipment, which as a result will support the liquidity and financial stability of the Company and hydromechanical equipment (overhead covers) for the Kanivska HPP branch, which has undergone significant physical wear and tear over the years of operation and has become obsolete, has been repaired many times and does not meet modern requirements for HPP equipment. The result of solving the problems is to increase the efficiency of the work of PrJSC "Ukrhydroenergo" by installing new, more economical equipment. This will be achieved through: 1. Installation of hydropower and hydromechanical equipment, the operation of which affects the stability of the operation of hydraulic units by avoiding failures and emergency shutdowns; 2. Strengthening the financial position of PrJSC "Ukrhydroenergo" by preserving and increasing income from activities in the electricity market and by optimizing the operating modes of existing equipment. The introduction of the main part of the equipment within the project "Modernization and restoration of hydroelectric power plant generation facilities of PrJSC "Ukrhydroenergo"" will take place within the framework of the implementation of the approved project "HPP Ukrhydroenergo. Reconstruction. Stage II. Correction", which has passed the examination (expert report (positive) on the review of project documentation for construction No. 00-1102/01-21 dated June 30, 2022), which will reduce the time for developing tender documents for the purchase of such equipment.