Germany allocated €24.5 million to Ukrenergo to strengthen the energy system

"Ukrenergo" attracts additional €24.5 million from Germany to strengthen the energy system.

The chairman of the board of “Ukrenergo” Volodymyr Kudrytskyi announced this.

The German government, through the KfW bank, allocated a €24 million grant and another €500 000 to strengthen the stability of the Ukrainian energy system. The money will be used to develop technical connections with the energy system of continental Europe, restore high-voltage facilities in the western region and build their protection.

“Ukrenergo” has already raised more than €220 million through cooperation with KfW to restore substations and maintain liquidity.

At the same time, the German operators of the transmission system Amprion, TenneT, TrasnetBW and 50 Herz provided more than a hundred pieces of equipment for the repair of main power grids and substations of “Ukrenergo”.

• Earlier, the government announced that energy facilities in Ukraine received three levels of protection.
• During last yearʼs attacks on Ukraineʼs energy system , the Russians damaged 270 energy facilities — thatʼs 50% of the entire energy system. It is about 30% of generation and 20% of distribution networks. There are objects that cannot be restored — they need to be rebuilt, which will take years and large investments. After repair, the system is ready to generate and transmit light, the only question is its stability. On February 12, 2023, Ukrenergo reported for the first time during Russiaʼs fall-winter attacks on the Ukrainian energy system that it had no capacity deficit.