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Ukraine Energy Support Fund finances gas compressor station renovation

The Energy Community’s Ukraine Energy Support Fund, in cooperation with Ukraine’s Ministry of Energy, will provide support to the Ukrainian Gas Transmission System Operator (GTSOU) in completing the renovation of a gas compressor station, the GTSOU reported on 20 March.

“This is a project the company has been working on for years. But the war brought about changes. That’s why we needed extra support,” said Yurii Ziabchenko, Chief Engineer at GTSOU. “Our long-lasting and successful cooperation with the Energy Community allowed us to come up with a solution under new circumstances. We express our gratitude to our partners for their fast response and effective assistance in implementing our strategic projects. This is an important example of cooperative efforts in enhancing energy security.”

The project is financed by a dedicated grant of two million euros from Germany’s Foreign Office. The grant will be used for the procurement of works required for the completion of the facility, which is essential for meeting the needs of domestic consumers and is a “critical” piece of Ukraine’s gas infrastructure, GTSOU said.

“We are very grateful to the German Foreign Office for their support of this project. It complements the work of the Energy Community Support Fund, which currently finalises the procurement for equipment and fuel for over 100 million euros and helps maintain a stable supply of electricity, gas and heat in Ukraine,” said Artur Lorkowski, Director of the Energy Community Secretariat. 

“We can now say with confidence that the Ukraine Energy Support Fund at the Energy Community Secretariat is the most effective tool allowing governments, international financial institutions, organisations, and private donors to provide emergency financial assistance to the Ukrainian energy sector,” said Mykola Kolisnyk, Deputy Minister of Energy of Ukraine.

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