Germany to provide nearly $50 million to help Ukraine restore energy system devastated by Russian attacks

The New Voice of Ukraine

10 May 2024 at 5:20 am·3-min read

German Federal Minister for Economic Cooperation and Development Svenja Schulze

Germany will provide Ukraine with a €45 million ($48.5 million) grant to recover from Russia's devastating attacks on Ukraine's energy system, Ukraine's Energy Ministry reported.

The announcement comes following a meeting between Ukraine's Energy Minister Herman Halushchenko and Germany's Economic Cooperation & Development Minister Svenja Schulze.

The funds will be directed to the fastest possible recovery after the attacks, the Ministry said.

The agreement was signed by Ukrenergo chair Volodymyr Kudrytskyi and German Development Bank KfW management to finance a project to improve the efficiency of electricity transmission.

Halushchenko thanked the German Government and KfW Bank for their support and financial assistance provided by the German government, non-governmental organizations, and companies for the prompt restoration of damaged or destroyed critical energy infrastructure.

"It is very important for us that the funds can be directed in different directions to restore and strengthen the stability of transmission system facilities that are under enemy attacks," Halushchenko said.

The funds will also be used to purchase equipment for energy-efficient modernization, automation, and reconstruction of Ukrenergo substations.

Thanks to the support of KfW Bank since the beginning of Russia's full-scale invasion, Ukrenergo has received more than 177 million euros ($191 million) in credit and grant funds for the restoration and development of Ukraine's electricity transmission network.

This is especially important for ensuring the energy security of the state and the synchronous operation of the unified energy system of Ukraine with the European network of electricity transmission system operators (ENTSO-E).

Ukraine's Energy Minister separately thanked Germany for the largest contribution to the Energy Support Fund of Ukraine — 225 million euros ($243 million).

Germany is ready to continue supporting Ukraine in the fight against Russian aggression, Svenja Schulze said.

She noted that Russia, which attacks Ukrainian energy facilities every day and seeks to deprive Ukrainians of access to electricity, should not achieve its goal, particularly thanks to Ukraine's support from its partners.

Russia fired more than 50 rockets and 20 drones at energy infrastructure in Lviv, Vinnytsia, Poltava, Kirovohrad, Zaporizhzhya, and Ivano-Frankivsk oblasts on the night of May 8.

This was already the fifth massive combined missile and drone attack on energy facilities since March 22.

Centerenergo lost 100% of its generation after the destruction of the Trypillia TPP.

The TEC-5 in Kharkiv was destroyed. Its restoration will take years, about the same as building a new facility.

Kharkiv Oblast's Zmiyiv TPP (part of Centerenergo) was destroyed.

The DTEK Group (beneficiary — Rinat Akhmetov) announced that it had lost 80% of its generation.

All power units of Burshtynska and Ladyzhynska TPP were damaged.

A gas storage facility in western Ukraine was damaged.

Two HPPs were decommissioned as of May 9.

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