The US Agency for International Development (USAID) has announced a deal with engineering services firm Tetra to enhance energy security in Ukraine.
USAID has signed an $85 million contract with Tetra for the provision of services to improve the legal and regulatory environment in the energy sector and increase the resilience of energy supplies in Ukraine.
The contract is a five-year-deal and is part of the Competitive Energy Markets Programme.
Tetra will provide technical services to support private sector-led energy investments, increased renewable energy generation and reliable and affordable energy for all Ukrainians.
The engineering firm will develop energy market models to create competitive market reforms, conduct renewable energy pre-feasibility assessments and develop creative financial incentive mechanisms to facilitate private sector investment in renewable energy.
The programme will be implemented in partnership with local organisations to ensure sustainability of reforms.
Dan Batrack, Tetra Tech’s CEO, said: “Tetra Tech is pleased to support USAID’s work in Ukraine to improve energy efficiency and supply while stimulating economic growth for the region and its citizens,”