Germany allocates additional EUR 65 million to repair Ukraine’s energy infrastructure
The German Federal Ministry for Economic Affairs and Climate Protection is providing the European Energy Community with an additional 65 million euros to repair Ukraine's energy infrastructure.
The ministry announced this on its website, Censor.NET reports citing Ukrinform.
"Ukraine's civilian energy infrastructure continues to be the target of massive Russian air strikes. The collapse of energy supply in the third winter of the war would have catastrophic consequences for the Ukrainian economy and population. Therefore, support for Ukraine is more important than ever," said Economy Minister Robert Habeck and emphasized that Germany is thus making an important contribution to maintaining Ukraine's energy supply so that the country can continue to provide electricity and heat to its people.
The funds will be transferred through the reconstruction loan facility and will be transferred to the Energy Community's Energy Support Fund for Ukraine, to which international donors have been contributing since 2022.
Ukraine is using the Energy Support Fund to finance the purchase of spare parts and equipment for its destroyed energy infrastructure. The European Energy Community holds tenders for the purchase of goods and controls the use of funds. This way, Ukrainian energy companies can rebuild the destroyed grid infrastructure and power plants.
Germany's contributions are also aimed at strengthening the resilience of the Ukrainian energy system. To this end, part of the funds paid is directed to green energy transition projects that lay the groundwork for further expansion of the decentralized component of the Ukrainian energy system. For example, critical public facilities (schools, hospitals, etc.) are being equipped with photovoltaic systems and batteries, which reduces dependence on generators and fossil fuels.
By the end of 2023, the federal government had already transferred more than 155 million euros to the energy support fund. Thus, by the end of 2024, the German share in it will increase to 360 million euros. Germany remains the largest donor to the fund, having raised about €629 million since February 2022.
