Norway to invest $200 million in rebuilding Ukraine’s energy grid
Photo: signing of the agreement with Norway (Ministry of Energy of Ukraine)
Norway, together with the United Nations Development Programme (UNDP), will fund the restoration and modernization of Ukraine’s energy sector. The country will allocate at least $200 million for this purpose, according to a statement from the Ministry of Energy following the Ukraine Recovery Conference on July 10 in Rome.
"The United Nations Development Programme (UNDP) and the Government of Norway have launched a large-scale $200 million initiative aimed at transforming Ukraine’s energy sector, which has suffered significant destruction as a result of the war," the statement said.
The initiative includes two main directions:
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immediate response to the current energy crisis in Ukraine following Russian attacks;
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long-term modernization of the energy sector in line with Ukraine’s national priorities.
"Ukraine’s energy sector has suffered massive damage, and the need for strong international partnerships is more urgent than ever. This contribution from Norway, delivered through UNDP, is critically important for our ability to restore vital services, rebuild damaged infrastructure, and accelerate the strategic transition to a decentralized and environmentally friendly energy system," said Ukraine’s Minister of Energy, German Galushchenko.
The initiative is also expected to support the following:
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restoration of heating and water supply in affected areas, especially in frontline communities;
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equipping hospitals and households with solar panels and backup energy systems to operate during power outages;
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repair of damaged energy facilities;
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strengthening the protection of energy infrastructure against Russian attacks;
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development of a decentralized energy system in Ukraine.
In addition to Norway, a separate agreement worth €300,000 was signed with the international financial organization NEFCO. This corporation supports green energy and finances projects worldwide.
Ukrainians are asked to save electricity
Meanwhile, Ukraine may face electricity shortages due to the heat wave and increased consumption by the population. On July 9, the Ukrenergo company warned of this scenario and urged Ukrainians to limit the use of powerful appliances from 04:00 p.m. to 10:00 p.m.
On July 10, Kyiv also recorded an increase in electricity consumption, which could lead to blackouts. Residents of the capital are urged to save electricity, especially during peak hours.
