Memorandum Signed Between DTEK and GE Vernova
During the Ukraine Recovery Conference URC 2026 held in Gdańsk, DTEK and GE Vernova signed a memorandum to build a gas turbine power plant in western Ukraine. The agreement covers the construction of a 650 MW combined-cycle gas turbine (CCGT) facility. This new station will be situated on the grounds of the Burshtyn power plant.
Why This Investment Matters for the Energy Sector
First Deputy Prime Minister Denys Shmyhal attended the signing and underscored the critical role such investments play in rebuilding Ukraine’s energy infrastructure.
“In the face of unprecedented attacks on Ukraine’s energy system, these investments are essential for restoring and expanding the country’s generation capacity,” he stated.Shmyhal also thanked Ukrainian energy workers for their resilience and American partners for their trust and willingness to invest in Ukraine’s energy future.
DTEK CEO Maksym Timchenko highlighted that the partnership with GE Vernova signals a commitment from global industry leaders to back Ukraine’s energy sector even amid the ongoing war.
“The Burshtyn project is not just about rebuilding what was destroyed—it’s about creating a modern, flexible energy system aligned with European energy transition trends,” Timchenko emphasized.
Earlier, DTEK and Octopus Energy announced the formation of a joint venture involving projects worth 100 million euros. This initiative further underscores the company’s drive to modernize Ukraine’s energy landscape.
The memorandum between DTEK and GE Vernova reflects Ukraine’s active push to attract foreign investment into its energy sector, a critical priority given current challenges. The project aims not only to restore damaged capacity but also to upgrade energy infrastructure in line with modern European standards. This could prove a significant step toward strengthening Ukraine’s energy independence and supporting its economic recovery.
The recent memorandum between DTEK and GE Vernova is a significant step in bolstering Ukraine's energy infrastructure. This follows DTEK's substantial investment of €2.4 billion into the Ukrainian economy during the ongoing conflict, highlighting the company's commitment to sustainable development. For more insights into how these investments are shaping the future, check out our coverage on DTEK's economic contributions amidst the war.