LONDON, May 17 - Outdated equipment and growth in demand for electricity will require about $110 billion in investment to be made in the Ukrainian energy sector over the next 20 years, according to Sergey Korovin, the director of Energy Business Development of System Capital Management.

"We project an increase in electricity consumption of between 30% and 50% in the next 10-20 years," he said at the 7th annual conference of the Adam Smith Institute "Ukrainian Investment Summit" held in London on May 15-18.