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Germany to provide Ukraine with €45 million grant for energy sector restoration

Germany to provide Ukraine with €45 million grant for energy sector restoration Photo: Germany will provide Ukraine with €45 million for energy restoration, agreement signed (
Author: Daryna Vialko

Germany will provide Ukraine with a €45 million grant to restore the energy sector after Russian attacks, according to the press service of the Ministry of Energy of Ukraine.

As noted, the relevant document was signed by Volodymyr Kudrytskyi, Chairman of the Board of NPC Ukrenergo, and the management of the German Development Bank KfW to finance the project “Improving the Efficiency of Electricity Transmission”.

“It is very important for us that the funds can be used in various areas to restore and strengthen the resilience of the transmission system facilities under enemy attack,” said Minister of Energy of Ukraine Herman Halushchenko.

In addition, the funds will be used to purchase equipment for energy-efficient modernization, automation and reconstruction of Ukrenergo's substations.

In general, thanks to the support of the German Development Bank KfW, during the period of Russia's military aggression, NPC Ukrenergo has attracted more than €177 million in loans and grants to restore and develop the electricity transmission network.

Halushchenko also thanked Germany for the largest contribution to the Energy Support Fund of Ukraine - €225 million.

Russian attacks on Ukraine's energy infrastructure

Since the beginning of spring, Russian troops have intensified attacks on Ukraine's energy infrastructure.

On May 8, the Russian forces launched another massive attack on Ukraine using cruise and ballistic missiles and attack drones. The main target of the enemy was energy infrastructure facilities.

According to DTEK energy company, three Ukrainian thermal power plants were damaged.

Assistance to Ukraine from Germany

Germany recently transferred another large package of military aid to Ukraine. Among other things, the Ukrainian Armed Forces received new drones, shells for tanks and artillery.

In addition, in February, General Carsten Breuer, Bundeswehr Inspector General, promised Ukrainian Armed Forces Commander-in-Chief Oleksandr Syrskyi short-term support for Ukraine in the amount of more than 100 million euros.