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Espreso Global aid to Ukraine UK to contribute €23 million to Ukraine Energy Support Fund

UK to contribute €23 million to Ukraine Energy Support Fund

8 May, 2024 Wednesday

20:40

London has announced an additional £20 million (€23 million) contribution to the Ukraine Energy Support Fund. The money will be received in the near future

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This was reported by the press service of the Ministry of Energy of Ukraine.

The funds will be used to purchase equipment to repair damaged energy infrastructure, strengthen physical protection and provide backup power, including generators and distributed generation.

The Head of the Ministry, Herman Halushchenko, noted that this contribution is important for preparing for the new heating season.

The new contribution brings the total amount of grants from the UK to €50 million. The total amount of contributions to the Fund, established in 2022, has reached more than €433 million.

The Ministry of Energy also reminded that the UK Foreign Secretary David Cameron and Herman Halushchenko recently met in Kyiv. During the meeting, the parties announced the launch of the first 13 innovative energy projects under the InnovateUkraine programme. The UK government will provide £16 million in funding for these projects.

According to the Ministry of Energy, Ukraine has lost more than 8 GW of generation capacity as a result of recent Russian attacks and needs funds to restore it.

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