• Українською
  • Ministry of Energy: Germany to provide Ukraine with a EUR 45 million grant
    Ministry of Energy of Ukraine, posted 09 May 2024 19:02

    For the speediest possible recovery from the attacks - for this purpose, a grant worth EUR 45 million will be provided, the agreement on which was signed at the Ministry of Energy during a meeting between the Minister of Energy of Ukraine German Galushchenko and the Federal Minister for Economic Cooperation and Development of Germany Svenja Schulze. The relevant document was signed by Volodymyr Kudrytskyi, Chairman of the Management Board of NPC Ukrenergo, and the management of the German Development Bank KfW to finance the project "Improving the efficiency of electricity transmission".

    German Galushchenko thanked the German Government and KfW Development Bank for the political support and financial assistance provided by German governmental, non-governmental organisations and companies aimed at prompt restoration of damaged or destroyed critical energy infrastructure, including within the framework of the German-Ukrainian Energy Partnership.

    "It is crucial 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," added German Galushchenko.

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

    In general, thanks to the support of the German Development Bank KfW, during the period of military aggression of the russian federation, NPC Ukrenergo has leveraged over EUR 177 million of loans and grants to restore and develop the electricity transmission network. This is particularly important for ensuring the energy security of the state and the synchronous operation of the integrated power system of Ukraine with the European Network of Transmission System Operators for Electricity (ENTSO-E). The Minister of Energy also thanked the German side for the biggest contribution to the Energy Support Fund of Ukraine - EUR 225 million.

    In her turn, Svenja Schulze stressed that Germany stood ready to continue supporting Ukraine in countering russian aggression. The Minister noted that russia, which attacked Ukrainian energy facilities on a daily basis and sought to deprive Ukrainians of access to electricity, should not achieve its goal, in particular thanks to the support from Ukraine's partners.