Ukraine Energy Support Fund update for April and May 2024

8 July 2024

In April and May 2024, the Ukraine Energy Support Fund continued its vital work to strengthen Ukraine's energy sector. A significant development in May was the EUR 5.4 million grant from the Danish Ministry of Foreign Affairs, marking another step forward in strengthening Ukraine's energy infrastructure. 

This contribution and other donations were used to purchase essential equipment for the electricity and combined heating and power generation sectors. Over the two months, more than EUR 12 million was spent on items such as transformers, generators, disconnectors, switches, special-purpose vehicles, fuels, and other necessary equipment. These procurements are crucial for preparing Ukraine for the upcoming winter and maintaining the functionality of the energy sector amid the challenges posed by Russia's full-scale invasion. 

The Ukraine Energy Support Fund was established with the objective of providing financial assistance to repair Ukraine’s critical energy infrastructure damaged by Russian attacks and ensuring the continued functionality of the energy sector. It is managed by the Energy Community Secretariat and implemented in close cooperation with the USAID finance ESP and the Ministry of Energy of Ukraine, with contributions from governments, international organizations, and corporate donors. To date the Fund has reached EUR 501 million in pledges from inter alia Germany, European Union, Sweden, United States, Denmark, Great Britain, Switzerland, Austria, Australia, Spain, Belgium and Iceland. 

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