The Trypillya Thermal Power Plant is being prepared for restoration and privatization
Ukraine plans to restore the Trypilska Thermal Power Plant and prepare the company “Centrenergo” for privatization. The head of the State Property Fund announced this in an interview with Reuters, noting that several complex processes related to repairs and preparations for winter are currently underway. At the same time, the implementation of these plans directly depends on the security situation and the course of the war.
The State Property Fund of Ukraine is considering a scenario to restore the Trypilska Thermal Power Plant with subsequent preparation for the privatization of Centrenergo. Reuters reports this, citing State Property Fund Chairman Dmytro Natalukha. According to him, several processes are underway simultaneously: from preparing the plant for the heating season to drafting documents for the future sale of the asset.
“We have to solve several problems at once, and none of them is simple,” Natalukha noted, describing the complexity of simultaneously restoring and reforming the energy facility. He also emphasized that by 2027, Ukraine may reach “a certain understanding regarding the timing of privatization,” although everything depends on how the situation develops this winter and on military risks.
The war remains a key factor of uncertainty for such projects, as Russian strikes on the energy sector regularly destroy restored facilities. Independent energy analyst Mykhailo Honchar noted in a comment to the agency that privatization processes during wartime appear complex, as investors cannot be certain that assets will be preserved. “No one will invest in the restoration or construction of new capacity knowing that it could be destroyed at any moment,” he said.
The Trypilska Thermal Power Plant, which supplies electricity to Kyiv and the region, sustained serious damage as early as the spring of 2024 due to Russian attacks and has effectively ceased electricity production. Its capacity is about 1.8 GW, which is comparable to the output of two nuclear reactors, yet the plant remains one of the key targets of Russian strikes.
As Reuters notes, the Ukrainian power grid has suffered significant losses overall, and up to 80% of thermal generation capacity has been damaged or destroyed as a result of the attacks. At the facility itself, according to the agency’s report, work is currently underway to repair damaged equipment, although part of the infrastructure remains destroyed.
In the Zhytomyr region, public discussions have begun on a project to build a new 57-megawatt wind power plant.
