Ukrenergo To Receive EUR 15M Grant From Kfw To Restore Substations

(MENAFN- UkrinForm) The national power grid operator Ukrenergo will receive a EUR 15 million grant from Germany's state-owned development bank KfW to restore substations damaged by Russia's attacks.

Volodymyr Kudrytskyi, Chairman of the Board at NPC Ukrenergo, said this in a post on Facebook, Ukrinform reports.

"During the Ukraine Recovery conference in Berlin today, I signed a grant agreement worth EUR 15 million with Christiane Laibach, a member of the Executive Board at the of Directors of Germany's state-owned development bank KfW. These are EU funds transferred to us through KfW. They will be used to purchase critical equipment and restore high-voltage substations after the Russian terrorist attacks," Kudrytskyi wrote.

He noted that over the past two days, Ukrenergo attracted EUR 45.4 million of international support to restore the power grid following Russian attacks and strengthen its resilience.

Since the full-scale war began, Ukrenergo has attracted EUR 224 million of international support from KfW.

As reported, NPC Ukrenergo has attracted a EUR 30.4 million loan from the German government to improve the reliability of Ukraine's energy infrastructure.

Photo: Volodymyr Kudrytskyi / Facebook



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.