The Ukraine Energy Support Fund will receive a financial donation of EUR five million from the European Commission to help Ukrenergo, the Ukrainian electricity transmission system operator, to deal with the terrible impact of the Russian war against Ukraine’s energy infrastructure. With this support, Ukrenergo will receive the needed equipment to make emergency repairs to the electricity infrastructure damaged by Russian bombing and ensure stable functioning of the power system. The grant agreement between the European Commission and the Energy Community Secretariat was signed on 4 January.
EU Commissioner for Energy Kadri Simson said: “The EU has been standing by Ukraine since the start of the Russian invasion. Energy sector is one of the areas where our support is badly needed and the fund we have established with the Energy Community is one important channel for that targeted help. It will be used to purchase transformers and items needed to repair the damaged infrastructure to keep the lights on and the energy system running in Ukraine.”
Director Lorkowski said: "As Russia’s attacks on Ukrainian energy infrastructure continue, the European Commission has provided financial support to help repair and restore the country's civilian power infrastructure. The equipment will be delivered as quickly as possible to help Ukrainians persevere through the winter.”
On the Fund: the Energy Community Secretariat acts as the fiduciary of the Ukraine Energy Support Fund, which was established to purchase fuels, equipment, services and capital needed to repair and rebuild energy infrastructure affected by the ongoing Russian aggression. The funds will be disbursed on the basis of a fiduciary agreement between the Secretariat and the Ministry of Energy of Ukraine which is responsible for identifying, prioritizing and confirming support requests delivered by Ukrainian energy companies. The procurement of the equipment and other needed items is conducted by an independent procurement agent. Potential vendors are invited to notify availability of energy equipment to be purchased from the fund via a dedicated web page.