Ukraine will additionally spend ₴759M to strengthen the stability of its energy system, and a cement producer will invest $15M in energy production.

The government approved using state funds for decarbonization and energy-efficient transformation. This will occur through an additional ₴759M ($19M) program to support energy efficiency and strengthen the stability of Ukraine’s energy system. The funds will primarily be used to reduce loan rates for energy efficiency projects and installing alternative energy infrastructure.

The Head of the State Inspectorate for Energy Supervision of Ukraine, Ruslan Slobodian, noted that TPPs damaged by Russian shelling in Ukraine are being repaired around the clock. The total capacity of these damaged facilities exceeds nine GW. He added that the development of distributed generation is underway. In particular, solar energy helps to overcome the current operating deficit.

At the same time, Concorde Capital, co-owner of the Kryvyi Rih Cement Plant, is investing $15M in a 24 MW power plant, which should make Kryvyi Rih Cement, one of the largest cement producers in Ukraine, independent of external energy supply. The investment company also plans to build 40 MW of storage capacity.