Sector
Energy Sector
Stream
Construction of new generating capacities
Maturity level
30
Preliminary Investment Feasibility Study
Project Status
Investment Feasibility Study
Entry into Portfolio
State level of SPP
Implementation
Completion
- General information
- Strategic Case
- Economic Case
- Commercial Case
- Financial Case
- Management Case
- Summary
General information
Description of the project
Construction and commissioning of new highly maneuverable generating capacities of the Dniester PSPP of 648 MW (two 324 MW hydropower units) in generator mode and 842 MW (two 421 MW hydropower units) in pumping mode
The purpose of the project
Main Goal:
Поява нових виробничих потужностей
Description of the purpose of the project and ways to achieve it
The purpose of the project is to purchase 2 hydroelectric units to achieve the following goals: increasing the reliability and flexibility of the Unified Energy System of Ukraine by creating a mobile emergency reserve, creating a regulation reserve for connecting renewable energy generation, regulating frequency and active power during the operation of the Unified Energy System of Ukraine in the European ENTSO-E network, as well as creating conditions for the full use of the potential of renewable energy in Ukraine, construction and commissioning of new highly maneuverable generating capacities of the Dniester PSPP of 648 MW (two hydroelectric units of 324 MW each) in generator mode and 842 MW (two hydroelectric units of 421 MW each) in pump mode
Problems and solutions resulting from project implementation
Systemic effect of the project implementation: solving the problem of the shortage of shunting capacities in the Unified Power System of Ukraine, regulating the uneven generation of "green" energy, generating valuable peak electricity, operating the Unified Power System of Ukraine in the pan-European ENTSO-E power system in terms of frequency and active power regulation requirements
Socio-economic context
Indicator
Value
Other functional
648 MW
Strategic Case
Strategic feasibility of the project
Sector
Energy Sector
Subsector
Electric power industry
Stream
Construction of new generating capacities
Strategic document
Energy Strategy of Ukraine until 2050
Task
Creation of new generating capacities to ensure the reliability of energy supply, increase energy security and sustainable development of the energy system of Ukraine
Project objectives
Indicator
Base value
Target value
Construction and commissioning of new high-maneuverability capacities (pumped mode)
0 MW
842 MW
Construction and commissioning of new high-maneuverability capacities (generator mode)
0 MW
648 MW
Project Sustainable Development Goals
Demand for the service and its dynamics
What methodology was used to estimate demand?
оцінка попиту не проводилась
[Response was provided in the Preliminary Investment Feasibility Study]
Has data from external sources been used in the demand assessment?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Does the demand forecast take into account the latest demographic and economic forecasts?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Indicator
Year
Demand
Annual demand for services/infrastructure
3
648 MW
Economic justification
Analysis of the project's impact on ecology and climate change
Does the planned activity have a potential positive contribution to achieving climate or environmental objectives?
Climate change adaptation
[Response was provided in the Preliminary Investment Feasibility Study]
Climate change mitigation
[Response was provided in the Preliminary Investment Feasibility Study]
Is the proposed project expected to significantly harm any of the following climate or environmental objectives?
None of the options are applicable
Does the planned activity have a potential positive contribution to achieving climate or environmental objectives?
Sustainable use and protection of water and marine resources
[Response was provided in the Investment Feasibility Study]
Pollution prevention and control
[Response was provided in the Investment Feasibility Study]
Climate change adaptation
[Response was provided in the Investment Feasibility Study]
Protecting and restoring biodiversity and ecosystems
[Response was provided in the Investment Feasibility Study]
Transition to a circular economy
[Response was provided in the Investment Feasibility Study]
Climate change mitigation
[Response was provided in the Investment Feasibility Study]
Is the proposed project expected to significantly harm any of the following climate or environmental objectives?
None of the options are applicable
Have the greenhouse gas emissions or emission reductions (Scope 1-2) associated with the project been calculated for a typical year and the entire project period?
No
[Response was provided in the Investment Feasibility Study]
Does the project require an environmental impact assessment (EIA) in accordance with the Law of Ukraine "On Environmental Impact Assessment"?
Conducting an EIA is not required.
[Response was provided in the Investment Feasibility Study]
Project sustainability and inclusivity
Identify potential gender risks of the project and indicate possible ways to overcome them:
None of the options are applicable
Does the project provide for improving women's access to services?
Envisaged training or advanced training for women in the private sector
[Response was provided in the Preliminary Investment Feasibility Study]
The project will improve women's access to education (primary, secondary, vocational)
[Response was provided in the Preliminary Investment Feasibility Study]
The project will create jobs available to women (temporarily or permanently)
[Response was provided in the Preliminary Investment Feasibility Study]
Are civil society organizations representing women and vulnerable groups included in the consultation process?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Were consultations held with representatives of target groups to take into account gender equality issues in the project?
None of the options are applicable
Have the gender risks and social impacts of the project been assessed?
None of the options are applicable
Are there management and institutional mechanisms in place to ensure gender equality?
None of the options are applicable
Alternative technical solutions
Technical Solution 1
Project "III stage of construction of the Dniester PSPP including hydroelectric units No. 6-7"
Technical Solution 2
Project "III stage of construction of the Dniester PSPP including hydroelectric units No. 6-7"
Cost breakdownCost justificationCost justification
Project cost (preparation and implementation)6'176'987'948 UAH6'176'987'948 UAH
For preparation780'847'000 UAH780'847'000 UAH
For implementation5'396'140'948 UAH5'396'140'948 UAH
Project operation and closure cost95'354'100 UAH95'354'100 UAH
For operation95'354'000 UAH95'354'000 UAH
For closing100 UAH100 UAH
Average annual costs2'451'760 UAH0 UAH
Project duration, incl.60 months60 months
Deadline for developing a FFS24 months24 months
Implementation period36 months36 months
Service life480 months480 months
Target indicatorsDefined Defined
Technical Solution Status
Active
[The technical approach was selected for further detailed analysis or implementation.]
Rejected
[The technical approach was not selected for further detailed analysis or implementation.]
Components of a technical solution
Commercial Justification
Supplier and contractor market assessment
Is the project likely to attract a sufficient number of bidders to ensure real competition that will encourage bidders to think innovatively and maximize the quality of their proposals?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Is the project of interest to small and medium-sized enterprises?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Will the project involve national or international suppliers and contractors?
Yes, both national and international
[Response was provided in the Preliminary Investment Feasibility Study]
Has an analysis of available procurement options been conducted for the technical solution?
No
[Response was provided in the Preliminary Investment Feasibility Study]
What procurement strategy was chosen for the project implementation, and what justifies its feasibility in the context of the market and project objectives?
Стратегія закупівель буде визначена після укладання Кредитної Угоди на фінансування проєкту на умовах та відповідно до правил Кредитора.
[Response was provided in the Investment Feasibility Study]
What approaches are planned to be used to ensure transparency, competition, and efficiency in the procurement process?
В процесі закупівель планується застосувати: забезпечення прозорості (публічність закупівельної інформації, документування рішень, використання стандарних форм документів, залучення громадськості / незалежних спостерігачів); забезпечення конкуренції (недискримінаційні вимоги, розподілу на лоти, своєчасне та повне інформування, запобігання змові); забезпечення ефективності (оцінка життєвого циклу, оптимальні строки поставки, цифровізація процесів, моніторинг результатів). Додатково необхідно регулярне проведення навчання закупівельників, забезпечення внутрішнього контролю / аудиту, антикорупційні запобіжники.
[Response was provided in the Investment Feasibility Study]
What types of procurement procedures are envisaged by the project (open tender, negotiated procedure, competitive dialogue, etc.)?
Open competitive bidding
[Response was provided in the Investment Feasibility Study]
Pre-market engagement
Буде визначено на наступній стадії проєктування
[Response was provided in the Investment Feasibility Study]
Potential market participants
Буде визначено на наступній стадії проєктування
[Response was provided in the Investment Feasibility Study]
Market readiness assessment
Буде визначено на наступній стадії проєктування
[Response was provided in the Investment Feasibility Study]
Financial justification
Total project budget
Total preliminary budget6'272'342'048 UAH6'272'342'048 UAH
Project cost (preparation and implementation)6'176'987'948 UAH6'176'987'948 UAH
For preparation780'847'000 UAH780'847'000 UAH
For implementation5'396'140'948 UAH5'396'140'948 UAH
Project operation and closure cost95'354'100 UAH95'354'100 UAH
For operation95'354'000 UAH95'354'000 UAH
For closing100 UAH100 UAH
Were the methodological recommendations approved by the Ministry of Finance of Ukraine applied when calculating the indicative budget?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Were the methodological recommendations approved by the Ministry of Finance of Ukraine applied when calculating the indicative budget?
No
[Response was provided in the Investment Feasibility Study]
Average project cost per service recipient
Service UnitСередня вартість купівлі-продажу (ранковий пік), грн / МВт год
Service Unit Cost6'120 UAH
Profitability of the project
Is the project expected to generate income?NoNo
Is the project self-sustaining?No
Availability of services
Has an analysis been conducted of the accessibility of services for consumers and their financial ability to pay the established tariffs?
No – analysis not performed
[Response was provided in the Preliminary Investment Feasibility Study]
Project Financing Mechanisms
Are funding sources and mechanisms identified?
Source and MechanismYesNo
Funding Sources
Approved Funds0 UAH0 UAH
Expected Funds0 UAH0 UAH
Public-private partnership
Has a qualitative and quantitative assessment of the project's suitability for implementation through a PPP mechanism been conducted?
No, no assessment was conducted.
[Response was provided in the Preliminary Investment Feasibility Study]
Are there, after conducting an appropriate study, private investors interested in the possibility of implementing the project in the PPP format?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Management Rationale
Team competencies
Determine which competencies/expertise required for successful project preparation and implementation can be provided by the project initiator's own project team (without involving external advisors)
Project management - communication with stakeholders
[Response was provided in the Preliminary Investment Feasibility Study]
Project management - risk management
[Response was provided in the Preliminary Investment Feasibility Study]
Project management - public consultations
[Response was provided in the Preliminary Investment Feasibility Study]
Project management - legal support
[Response was provided in the Preliminary Investment Feasibility Study]
Project management - working with international financial organizations (IFOs)
[Response was provided in the Preliminary Investment Feasibility Study]
Does the team have experience implementing similar projects?
Partially, we have limited experience
[Response was provided in the Preliminary Investment Feasibility Study]
Identify which competencies/expertise required for successful project preparation and implementation need to be strengthened by engaging independent experts or consultants
Economic feasibility study - technical expertise
[Response was provided in the Preliminary Investment Feasibility Study]
Economic justification - social and gender analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Strategic justification - forming a justification for the problem and need
[Response was provided in the Preliminary Investment Feasibility Study]
Business case - analysis of the market environment
[Response was provided in the Preliminary Investment Feasibility Study]
Economic justification - environmental expertise
[Response was provided in the Preliminary Investment Feasibility Study]
Strategic rationale - SDG compliance analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Business case - analysis of available procurement options
[Response was provided in the Preliminary Investment Feasibility Study]
Economic justification - economic analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Financial analysis - financial analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Strategic justification - analysis of the strategic feasibility of the project
[Response was provided in the Preliminary Investment Feasibility Study]
Strategic rationale - demand analysis
[Response was provided in the Preliminary Investment Feasibility Study]
Is there an understanding of where to find relevant experts and consultants?
No, I need help.
[Response was provided in the Preliminary Investment Feasibility Study]
Is the project management structure defined: working group, chair, project team?
No
[Response was provided in the Investment Feasibility Study]
What categories of experts and consultants have already been involved at the project preparation stage?
None of the options are applicable
Are there plans to involve experts and consultants for further implementation of the project?
Yes
[Response was provided in the Investment Feasibility Study]
Organizational events
ResponseDefinedUndefined
Results of the feasibility analysis
Project Preparation Program Engagement and Funding Needs
Is there ongoing cooperation or support within the framework of international technical assistance (ITA) or from other donor or government agencies?
No
[Response was provided in the Preliminary Investment Feasibility Study]
Does the project require preparation assistance from Project Preparation Programs (PPF)?
Development of design and estimate documentation (DED);
[Response was provided in the Preliminary Investment Feasibility Study]
Does the project require additional preparation assistance from Project Preparation Facilities (PPF)?
Other
[Response was provided in the Investment Feasibility Study]
Need for financing
Does the project require additional funding for preparation?
Yes
[Response was provided in the Preliminary Investment Feasibility Study]
Project Approval History
DateDecision NumberPortfolioProject StatusDecisionReasonsMaturity level
13/08/2025SP-N-130825-258E2E42State SPPreliminary Investment Feasibility StudyCanceledFinalization-
18/08/2025SP-N-180825-5462F7B4State SPPreliminary Investment Feasibility StudyInclude--
19/02/2026SP-N-190226-C8756057State SPInvestment Feasibility StudyInclude--
01/10/2025SPP-N-011025-6E35382AState SPPPreliminary Investment Feasibility StudyInclude-59
17/03/2026SPP-N-170326-27D3E5F0State SPPInvestment Feasibility StudyIncludeAccording to the minutes of the meeting of the Strategic Investment Council dated 12.03.2026 No. 1630