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HomeFinance26.3 mln euros for vital energy facilities restoration from Ukraine support fund

26.3 mln euros for vital energy facilities restoration from Ukraine support fund

The Ukraine Energy Support Fund, managed by the Energy Community Secretariat, has approved “vital financial aid” for three key energy facilities severely damaged by Russian missile attacks (21 July).

15.2 million euros has been allocated to expedite the restoration of the Kremenchuk Combined Heat and Power (CHP) plant, located in the southeastern Poltava region, which serves as a crucial gas-fired facility for power supply and district heating in Kremenchuk.

2.6 million euros will also be provided to Kramatroskteploenergo, a district heating provider in Kramatorsk in the eastern Donetsk region, for refurbishing damaged infrastructure and guaranteeing adequate heating for residents during the colder months.

Additionally, Kharkiv CHP-5, a vital gas-fired combined heat and power facility providing power and district heating, has been granted 8.5 million euros to “promptly” restore the plant’s capacity and performance.

The Ukraine Energy Support Fund was established to provide financial support for repairing critical energy infrastructure damaged by Russian attacks and keep the Ukrainian energy sector functioning. To date, 166 million euros has been received in grants to restore and improve Ukraine’s energy infrastructure.

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