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  • Prime Minister: We expect the situation in the energy sector to improve in the last ten days of July
    Communications Department of the Secretariat of the CMU, posted 09 July 2024 15:28

    The situation in Ukraine’s energy system remains extremely difficult. Due to the consequences of all-out hostile shelling and the heat wave, hourly blackouts continue. This was stated by Prime Minister Denys Shmyhal.

    At the same time, he said, the situation is expected to improve in the last ten days of July.

    “Repairs at some generation facilities will be completed, which will increase the capacity of the power system. Thus, the blackouts will not be so long,” the Prime Minister said.

    Denys Shmyhal noted that the key area of the Government’s work was the development of decentralised power generation.

    In particular, the Government has developed and partially launched a set of measures to encourage citizens and businesses to become energy resilient.

    The first programme is loans for citizens at 0% interest, up to UAH 480,000, for 10 years to install solar, wind and energy storage systems.

    The second programme is soft loans for small and medium-sized businesses. Up to UAH 150 million, for up to 10 years, at 5-7-9% per annum for the installation of gas-fired power generation.

    “In the territories bordering the combat zone, the interest rate is reduced to 1-5% for the first two years, and loans for investment purposes will be available at 5% per annum starting next year,” the Prime Minister added.

    The third programme is loans for condominiums and housing cooperatives for up to UAH 5 million. These funds will be used by homeowners to install solar stations and heat pumps. The Government will then reimburse them for 70% of the project costs under the GreenDIM programme.

    The fourth programme is loans for large businesses for 5-7 years at 14-16% per annum, secured by equipment.

    “Together with the NBU, we have worked with the banking sector, which is ready to provide such loans,” said Denys Shmyhal.

    According to the Prime Minister, draft laws have been submitted to the Verkhovna Rada to cancel customs duties and VAT on the import of energy equipment: “We expect that no later than 25 July, all these mechanisms will be fully operational.”

    Prime Minister: We expect the situation in the energy sector to improve in the last ten days of July Prime Minister: We expect the situation in the energy sector to improve in the last ten days of July