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US makes major wartime bet on Ukraine’s largest private energy company with $85 million investment

Ukraine’s biggest private energy firm, DTEK, has secured an $85 million loan from the U.S. International Development Finance Corporation for a critical battery storage project, marking the DFC’s largest wartime transaction, DTEK announced on Sept. 16. With Russia continuing to target Ukraine’s energy facilities, particularly power plants, ensuring a reliable energy supply has become a major concern in Ukraine. During the war, Ukraine has increasingly searched for investors to bolster its grid b

Ukraine war latest: Russian general eliminated in occupied part of Donetsk Oblast, military says

Key developments on Sept. 16: * 'In his nighttime lair' — Russian general eliminated in occupied Donetsk Oblast, military says * Partisans claim sabotage at Russian plant producing missile components * 40% of Ukrainians ready to relocate if conditions deteriorate 'significantly' this winter, poll reveals * Russia plans new prison complex in occupied Kherson Oblast among wider prison expansion * Ukraine approves more than 80 companies for private air defense * Ukraine hits Russian bomber i

About Energy security

Ukraine's energy security has become severely compromised since Russia's full-scale invasion began in February 2022, with systematic attacks destroying approximately 50% of thermal generation capacity and targeting natural gas storage facilities. The government works with European partners to diversify energy sources, strengthen grid connections with EU networks, and secure alternative fuel supplies, while defending remaining power infrastructure from ongoing Russian strikes.

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