• Українською
  • Ukraine Energy Support Fund: Denmark to contribute EUR 7 million
    Ministry of Energy of Ukraine, posted 14 November 2023 19:36

    Denmark will transfer a grant contribution totalling EUR 7 million to the Ukraine Energy Support Fund, to be used to purchase equipment to restore energy infrastructure affected by russian attacks. In particular, the partner country will contribute EUR 4 million in the near future. Another EUR 3 million will be provided later.

    This was announced by Lars Aagaard, Minister for Climate, Energy and Utilities of Denmark, during a meeting with German Galushchenko, Minister of Energy of Ukraine, at the international conference Energy for the Recovery of Ukraine, organised under the auspices of the Ministry of Energy, taking place in Warsaw.

    Lars Aagaard stressed that Denmark would continue to help Ukraine in its confrontation with the russian aggressor, particularly on the energy front. This is a clear position of both the Danish government and Danish business.

    German Galushchenko, in turn, thanked Denmark for becoming the first sponsor of the Fund, making a grant contribution of about EUR 536,000, which was used to purchase energy equipment for 10 Ukrainian energy companies.

    "During the war, the Ukrainian-Danish energy partnership played an important role in the urgent repair and development of decentralised generation. We appreciate the assistance of the Danish Government and the entire nation, and we are confident in deepening our cooperation to ensure further restoration and modernisation of the Ukrainian energy sector," the Minister of Energy said.

    As a reminder, Ukraine Energy Support Fund was established in spring 2022 at the joint initiative of the Minister of Energy of Ukraine German Galushchenko and European Commissioner for Energy Kadri Simson. The Fund enables governments, international financial organisations and private donors to provide substantial support to the Ukrainian energy sector.