Ukraine lost $11B in the terrorist act at the Kakhovka HPP; reconstruction of the dam will take up to seven years.

Friday, June 7, 2024
Ukraine lost $11B in the terrorist act at the Kakhovka HPP; reconstruction of the dam will take up to seven years.

The Russians caused $11B in damage to Ukraine when it blew up the Kakhovka HPP, which occurred on June 6, 2023. About 100,000 Ukrainians and 140,000 residents of the region were affected by the dam’s detonation and the resulting devastation left them without electricity. The consequences of the terrorist attack were felt by 37,000 private houses, and about 15% of them were destroyed. The agricultural yield in the region decreased by 70%.

Ukrhydroenergo will submit a lawsuit to the International Court of Arbitration against Russia with a demand for compensation for lost profit and the $2.5B cost of construction and restoration of the station. Ukrhydroenergo has already filed a lawsuit with the European Court of Human Rights against Moscow asking for compensation of ₴17B in damages caused to the Kakhovka HPP and the unfinished wind farm on Zmiiny Island.

According to preliminary calculations, after the territory’s de-occupation it will take 6-7 years to rebuild the power plant.

 

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