Three years of reporting, funded by our readers — become a member now and help us prepare for 2025.
Goal: 1,000 new members for our birthday. Gift a membership to your friend and help us prepare for what 2025 might bring.
Become a member Gift membership
Skip to content
Edit post

Germany pledges additional $27 million for Ukraine's energy infrastructure

by Martin Fornusek December 30, 2023 3:58 PM 1 min read
Transmission towers and power lines near a missile-damaged high-voltage electricity substation, operated by a state-owned company Ukrenergo, in central Ukraine, on March 1, 2023. Photo for illustrative purposes. (Andrew Kravchenko/Bloomberg via Getty Images)
This audio is created with AI assistance

The German state-owned KfW Development Bank will allocate 24.5 million euros ($27.1 million) to restore and improve Ukraine's energy infrastructure, the German embassy in Ukraine announced on Dec. 30.

The Ukrainian energy infrastructure is coming under heavy strain as Russian missile and drone attacks intensify, mirroring the strategy Moscow used last winter. Ukraine suffered a particularly large attack on Dec. 29 that damaged energy sites in Kyiv, Dnipropetrovsk, and Kherson oblasts.

Based on agreements signed by the KfW and Ukraine's energy operator Ukrenergo on Dec. 29, the German bank will provide 24 million euros ($26.5 million) in loans and 500,000 euros ($553,000) in grants.

"Germany continues to support the restoration and strengthening of energy infrastructure in regions of Ukraine affected by Russian attacks," the German embassy wrote on social media.

Earlier in December, Berlin announced an 85.5 million euros ($94 million) aid package to help Ukraine endure the winter and withstand Russian attacks on critical infrastructure.

This included around $60 million from KfW for the purchase of spare parts for energy equipment.

Germany provides $328 million for Ukraine’s energy grid
Germany has provided Ukraine’s state grid operator Ukrenergo with 300 million euros ($328.4 million) for the repair and modernization of the energy grid, German Ambassador to Ukraine Martin Jaeger said on Nov. 27.
Three years of reporting, funded by our readers.
Millions read the Kyiv Independent, but only one in 10,000 readers makes a financial contribution. Thanks to our community we've been able to keep our reporting free and accessible to everyone. For our third birthday, we're looking for 1,000 new members to help fund our mission and to help us prepare for what 2025 might bring.
Three years. Millions of readers. All thanks to 12,000 supporters.
It’s thanks to readers like you that we can celebrate another birthday this November. We’re looking for another 1,000 members to help fund our mission, keep our journalism accessible for all, and prepare for whatever 2025 might bring. Consider gifting a membership today or help us spread the word.
Help us get 1,000 new members!
Become a member Gift membership
visa masterCard americanExpress

News Feed

6:16 AM

North Korea ratifies defense treaty with Russia.

North Korea has formalized a mutual defense treaty with Russia, according to state media reports on Nov. 12. The agreement commits both nations to come to each other's aid in the event of an armed attack.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.