DTEK, GE Vernova Sign Agreement for 650-MW Ukraine Gas Power Plant

DTEK and GE Vernova have agreed to advance development of a 650-MW combined-cycle gas power plant in western Ukraine, a flagship energy project aimed at strengthening grid reliability and supporting the country's recovery.

(P&GJ) — DTEK and GE Vernova have signed a memorandum of understanding to advance development of a 650-megawatt combined-cycle gas turbine (CCGT) power plant in western Ukraine, marking another step in the country's effort to rebuild and modernize its energy infrastructure.

The proposed facility would be built at DTEK's Burshtyn power plant site as part of the company's coal-to-gas conversion strategy. Under the agreement, DTEK and GE Vernova will work together on gas turbine technology, equipment supply, financing and grid connection for the project, which is targeted to begin commercial operation before 2032.

The announcement came during the Ukraine Recovery Conference in Gdansk, Poland, where the Ukrainian government designated the 650-MW gas plant as one of 18 flagship infrastructure projects intended to support the country's long-term reconstruction and energy security.

First Deputy Prime Minister Denys Shmyhal said the project "will strengthen one of Ukraine's generation facilities" and help improve "the flexibility and resilience of the energy system in wartime conditions."

The companies estimate the project will require approximately €900 million in investment and generate up to 5 terawatt-hours of electricity annually. Designed as a flexible generation asset, the plant would provide dispatchable power to complement renewable energy resources while enhancing system reliability.

DTEK CEO Maxim Timchenko said the agreement demonstrates continued international support for Ukraine's energy sector.

"This partnership with GE Vernova demonstrates that global industry leaders are ready to invest in Ukraine's energy future despite the ongoing war," Timchenko said. "The Burshtyn project is not only about rebuilding what has been destroyed — it is about building a modern, flexible energy system aligned with Europe's transition."

GE Vernova said the agreement builds on its efforts to support Ukraine's electricity sector during the war while positioning the country for long-term recovery.

"Large-scale, flexible gas power generation and critical grid equipment will be a cornerstone of Ukraine's energy security," said Roger Martella, GE Vernova's chief corporate officer and chief sustainability officer.

Also Named a Flagship Project

Alongside the gas-fired power plant, the Ukrainian government also designated DTEK's proposed 650-MW Poltava Wind Power Plant as a flagship recovery project. The wind farm, planned for central Ukraine, is expected to enter construction in 2027 and begin full commercial operation by 2029. DTEK estimates the project will require approximately €1.2 billion in investment and generate more than 2 terawatt-hours of electricity annually.