This development was announced on the company's social media channels.
Key Highlights
- Grant Amount: 100 million euros
- Purpose: Restoration, modernization, and protection of energy infrastructure
Details of the Grant Agreement
- Signatories: Volodymyr Kudrytskyi, Chairman of the Board of NEC Ukrenergo, and Lorenz Gessner, Head of the Representative Office of the German state development bank KfW Bankengruppe in Ukraine
- Program: Special budget program of the EU "Ukraine Investment Facility"
Planned Energy Projects
- Modernization and Development:
- Upgrading high-voltage substations in western Ukraine
- Developing interstate interconnectors linking Ukraine with the continental European energy system
- Repair and Restoration:
- Repairing and restoring equipment destroyed or damaged by Russian shelling
- Purchasing and supplying new equipment
- Strengthening Protection:
- Enhancing the physical protection of Ukrenergo substations
Background and Previous Funding
- Second Phase: This grant is part of the second phase of the target program "Reconstruction and Restoration of the Electricity Transmission Infrastructure of Ukraine."
- First Phase: On June 11, during the Berlin Conference on the Reconstruction of Ukraine (#URC2024), Ukrenergo signed an agreement with KfW for the first phase, amounting to 15 million euros.
- Total Aid: Since the beginning of the full-scale war, Ukrenergo has secured 1.5 billion euros in international aid.
Conclusion The EU's allocation of 100 million euros to Ukrenergo underscores the significant international support for Ukraine's energy sector. This funding will facilitate crucial projects aimed at modernizing and protecting the country's energy infrastructure, ensuring resilience and stability amidst ongoing challenges.
