Ukraine

The IFC, a member of the World Bank, will manage the funding from the EU and Germany

Reports claim a message was posted in English, demanding a ransom of 0.1 bitcoin, worth around £665.58 by today’s exchange rate

The 200MW Nikopol SPP solar power plant will be built in the country’s Dnipropetrovsk region

A London-based bank and a renewable energy fund have agreed to finance a 36MW solar plant in Ukraine. The European Bank for Reconstruction and Development (EBRD) and its partner, the Clean Technology Fund (CTF), will provide the capital needed to install photovoltaic panels on the site of a former chemical plant in the city of Lviv. […]

Westinghouse Electric Company is to continue providing nuclear fuel to Ukraine between 2021 and 2025. The Toshiba-owned firm has signed a nuclear fuel contract extension with Ukraine’s state company Energoatom for the deliveries to seven of 15 nuclear reactors. The existing contract for six reactors is set to expire in 2020. Last year, a reactor […]

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are each providing a €160 million (£141m) loan to support the expansion of the metro system in Ukraine’s second largest city. The banks say the Kharkiv Metro will benefit from 3.5 kilometres of new line, two new stations, a modern depot […]

The European Commission has imposed anti-dumping duties on imports of hot rolled flat steel products from Brazil, Iran, Russia and Ukraine. Hot-rolled flat steel is used in gas containers, pressure vessels, energy pipelines, tubes and shipbuilding. The four countries will face duties ranging between €17.6 (£15.7) and €96.5 (£86) per tonne following an investigation by […]

US Energy Secretary Rick Perry was fooled by Russian pranksters who were impersonating Ukraine’s prime minister. Reports suggest he discussed US coal exports, a proposed pipeline across the Baltic Sea and other energy matters with Vladimir Kuznetsov and Alexei Stolyaro during a lengthy phone call this month. Energy Department spokesperson Shaylyn Hayes is said to […]

A cyber attack has targeted Europe’s critical services and systems, affecting energy suppliers and power grids. The ransomware initially targeted Ukraine, hitting major energy firms, government offices, private and state banks, the main airport and the metro system in the capital city of Kiev. State energy provider Ukrenergo said an attack on its IT systems had not affected service but workers […]

The cyber security threat to the energy industry is increasing year-on-year. That’s according to Michael John, Director of the European Network for Cyber Security (ENCS), who told ELN malware such as the Crash Override attack on Ukrainian power grids in December 2016 would only become more frequent with time. The attack, which was the first known use of malware […]