Canada's EDC Partners with Ukraine's Ukrhydroenergo to Rebuild Hydropower Infrastructure — Export Development Canada

Event summary

Export Development Canada (EDC) and Ukrhydroenergo (UHE) signed a Memorandum of Cooperation on September 11, 2026, to support Ukraine's hydropower recovery and modernization.
The agreement focuses on Canadian financing, technologies, equipment, and expertise for restoring and modernizing Ukraine's hydropower facilities.
Canadian companies may participate in UHE projects by supplying equipment, technological solutions, and services.
EDC will support eligible projects using its financial solutions and international business expertise.
The next step involves identifying potential projects and exploring opportunities for Canadian participation.

The big picture

This partnership aligns with broader trends in international energy sector recovery, particularly in conflict-affected regions. It highlights the growing role of financial institutions like EDC in facilitating cross-border infrastructure projects. The agreement also underscores the strategic importance of hydropower in Ukraine's long-term energy resilience and the need for innovative technologies and financing solutions to support its reconstruction.

What we're watching

Project Identification: How quickly EDC and UHE can identify and develop specific hydropower projects will determine the pace of Ukraine's energy sector recovery.
Canadian Participation: Whether Canadian companies can effectively supply the required equipment and technological solutions for UHE projects.
Financial Support: The extent to which EDC's financial solutions can derisk and fund the modernization and restoration of Ukraine's hydropower facilities.