Energy investment is one of Dragon Capital’s key long-term priorities, according to company founder Tomas Fiala in an interview with Forbes.
Dragon Capital owns 100% of Power One, acting as the financial partner in the project, while operational management is overseen by Nedzhen, a company founded by Kudrytskyi.
The plan includes the construction of 20 MW of gas-powered generation and approximately 40 MW of energy storage systems by the end of 2025. The expected return on investment is 30%, with a projected payback period of 3 to 3.5 years. Fiala noted that the company’s interest in the energy sector intensified after part of Ukraine’s power infrastructure was destroyed in 2024.
In parallel, Dragon Capital is also working with UK-based firm Amber to launch a €350 million infrastructure fund by the end of 2025. The fund is designed to invest in energy and infrastructure projects over a 12-year period.
Volodymyr Kudrytskyi stepped down from Ukrenergo in September 2024, one year before the end of his contract. In November of that year, he co-founded Nedzhen with Andrii Nemirovskyi, a former board member of Ukrenergo. In April 2025, Nedzhen reached an agreement with Dragon Capital to launch the Power One project.
Additionally, Dragon Capital is investing in its own energy independence. By the end of 2026, the company plans to install solar panels on at least 10 of its properties, allocating $4 million toward the initiative.
