The MoU was signed at the Ukraine Recovery Conference (URC 2026) in Gdańsk, Poland, in the presence of Ukrainian Prime Minister Denys Shmyhal and US government officials.
The project is a key component of DTEK’s strategic transition from coal to gas. Its primary goal is to provide the Ukrainian power grid with flexible generation capable of balancing peak loads and stabilizing the operation of renewable energy sources (wind and solar). The Government of Ukraine has recognized this power plant as one of 18 flagship initiatives under the "Economy of the Future" plan.
Key Project Facts (Gas Generation):
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Total Investment: €900 million
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Installed Capacity: Up to 650 MW
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Expected Output: Up to 5 TWh per year
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Timeline: Commercial operation is scheduled to begin by 2032
The partners will cooperate on deploying advanced gas turbine technologies, supplying equipment, developing financing structures, and integrating the plant into the national grid.
Denys Shmyhal, Prime Minister of Ukraine:
"Amid unprecedented attacks on Ukrainian energy infrastructure, such investments are critical for the restoration and development of our generation capacities. This power plant will enhance the flexibility and resilience of the grid during the war. I am grateful to our American partners and the United States for their trust and readiness to invest in Ukraine's energy future."
Maxym Timchenko, CEO of DTEK:
"This partnership with GE Vernova demonstrates that global industry leaders are ready to invest in Ukraine despite the ongoing war. The Burshtyn project is not just about restoring what was destroyed; it is about creating a modern, flexible energy system aligned with European energy transition trends."
The Second Flagship: Poltava Wind Farm
In addition to gas generation, DTEK’s 650 MW Poltava Wind Power Plant was also designated as a flagship project at the conference in Poland. It is set to become the largest onshore wind farm in Eastern Europe.
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Total Investment: €1.2 billion
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Installed Capacity: 650 MW (enough to power up to 1 million households)
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Expected Output: Over 2 TWh per year
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Timeline: Construction is slated to begin in early 2027 (with project readiness in H2 2026), and full commissioning by 2029.
DTEK is currently in talks with international financial institutions and private investors regarding equity, debt financing, and strategic partnerships to realize both large-scale projects.
