The EU will provide Ukrenergo a €100M grant for the energy system’s restoration and protection.

State energy company Ukrenergo and the German State Development Bank KfW in Ukraine signed a €100M grant agreement. It is noted that the EC authorized KfW to direct the funds from the special EU budget program Ukraine Investment Facility to Ukrenergo. The grant financing will help to modernize high-voltage substations in the west of Ukraine and develop interstate connectors that join Ukraine with the EU energy system, repair and restore equipment destroyed by Russian shelling at high-voltage substations, and strengthen the physical protection of Ukrenergo substations.

This is already the second phase of the  Reconstruction and Restoration of Ukraine’s Electricity Transmission Infrastructure II program. The previous agreement with KfW provided for the allocation of €15M.

Since the beginning of the full-scale invasion, Ukrenergo has received €1.5B in help from partners in the form of loans from international financial organizations, grants from the governments of the EU, the US, and Britain, and equipment donated by international organizations.