Germany to provide Ukraine with 3.5 million euros to buy power grid repair equipment, up to 22.5 million euros in loans from KfW

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The German Federal Ministry for Economic Affairs and Climate Action will provide Ukrenergo with 3.5 million euros for the purchase of equipment for the repair of electricity networks, and the Federal Ministry for Development will facilitate the granting of loans of up to 22.5 million euros from the KfW banking group, German Ambassador to Ukraine Anka Feldhusen said after a meeting with Energy Minister Herman Haluschenko.

“We also support Ukraine’s full integration into ENTSO-E,” the ambassador said in a Twitter post on Thursday.

In turn, the Ukrainian Ministry of Energy clarified that Germany, in particular, is ready to provide assistance to Ukraine for the purchase of static synchronous compensators, which can expand the export possibilities of Ukrainian electricity to Europe.

“Anka Feldhusen noted that the Ukrainian energy sector has the extraordinary support of the German government and that Germany is ready to provide assistance for the purchase of static synchronous compensators. Their installation will increase the possibilities of exporting electricity from the country. ‘Ukraine to Europe,’ the ministry said. of Energy said on its website.

According to the ministry, the parties also discussed the current state of the Ukrainian energy sector, the situation on the gas market, plans for fuel storage for the heating season and the need to release the nuclear power plant from Zaporizhia occupied by Russian troops to ensure the nuclear security of the region.

“Ukrainian electricity will help European countries to replace Russian energy resources. After synchronization with ENTSO-E, we have already started exporting electricity to Poland and Moldova. However, we have significant potential to increase supply volumes,” the minister said during the meeting.

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