Restoration of Ukraine’s energy system: What was agreed upon at URC2024?

Ukrenergo signed a €15M grant agreement with the German state development bank, KfW. The company said the funds would be used to purchase critical equipment and restore high-voltage substations after Russian terrorist attacks. In two days, Ukrenergo received €45.4M to restore the power system.

Ukrhydroenergo and American company AECOM signed a memorandum on cooperation in implementing projects to restore destroyed hydropower generation. AECOM has many years of professional experience in developing, designing, and reconstructing hydropower facilities and dams worldwide. The company will provide technical consultation during the restoration of Ukraine’s hydropower infrastructure.

Ukrhydroenergo suffered 118 missile strikes to its stations and lost 45% of its hydroelectric generation. The company plans to restore one GW of capacity by winter and, in the medium term, to build 2,500 MW of new capacity.

In turn, the Netherlands is allocating a new €138M aid package to repair vital energy infrastructure and provide humanitarian aid and business recovery initiatives.