In December 2025, LibMod (Zentrum Liberale Moderne) published a policy paper authored by Olga Gruzhynska, Yevheniia Zahumenova-Krupovych, and Igor Piddubnyi. The paper analyses Ukraine’s first government tender for the construction of new flexible generation capacity with long-term state support, conducted in 2024–2025. The authors examine the regulatory environment of the tender, its implementation process, and the selection results — totalling 316 MW of approved projects — as well as key systemic barriers to investment, including the debt crisis on the balancing market and the absence of war risk insurance mechanisms.
The full text of the policy paper (in Ukrainian) is available below.
Strengthening Flexibility in Ukraine’s Power System
