Norway allocates 500 million Norwegian kroner to support Ukraine's energy sector: Denys Shmyhal

First Deputy Prime Minister of Ukraine – Minister of Energy of Ukraine Denys Shmyhal met with Norway's Minister of Energy Terje Aasland during his visit to Kyiv.

Following the meeting, Denys Shmyhal said that Minister Aasland had announced that Norway is allocating 500 million Norwegian kroner (54 million US dollars) to support Ukraine's energy sector.

After the talks, the heads of the energy ministries of Ukraine and Norway signed a Memorandum on strengthening the energy partnership.

"The document updates the Memorandum concluded in June 2024 and incorporates new priorities in the energy sector, as defined by the strategic partnership between Ukraine and Norway. I am grateful to Mr. Aasland for this visit and for his support of Ukraine's energy resilience," Denys Shmyhal stressed.

During the meeting, the parties discussed the key areas of cooperation outlined in the document. Among them are the restoration and development of generation capacities, specifically hydropower and other renewable energy sources, the enhancement of decentralized generation and energy storage systems, the improvement of electricity supply reliability, the resilience and flexibility of the energy grids, as well as cooperation in the gas sector. Particular attention was paid to attracting investment for the reconstruction, development and modernization of Ukraine's energy infrastructure.

The Memorandum also provides for the exchange of expertise and support in the preparation of energy projects.

"For Ukraine, this translates into broader opportunities for the repairs and modernization of energy facilities, the implementation of new technologies, the attraction of investment, and the strengthening of the energy system's resilience," Denys Shmyhal stressed.

During the meeting, the First Deputy Prime Minister of Ukraine – Minister of Energy of Ukraine, together with his counterpart, also coordinated the assistance needed by Ukraine, including equipment, reserves, and contributions to the Ukraine Energy Support Fund. Denys Shmyhal also briefed Mr. Aasland on the shift in Russia's tactics of attacks against the energy infrastructure.

The head of the Ministry of Energy thanked Norway for its consistent support of Ukraine and for the practical assistance with equipment that helps rebuild and strengthen our energy sector.