Germany Allocates Over €7 Million for Ukraine’s Energy Sector Restoration
The German Federal Ministry for Economic Affairs, Trade and Climate Protection has announced an additional €7.27 million to rebuild Ukraine's energy infrastructure. This was reported by the Ministry.
The funds will be transferred to the Energy Support Fund for Ukraine within the Energy Community, which will be joined by other international donors in 2022.
‘Russia's attacks on Ukraine's civilian energy infrastructure continue unabated. These attacks deal a heavy blow to the people of Ukraine. Germany is responding to this emergency by renewing its contribution to the Energy Community's Energy Support Fund for Ukraine. We stand firmly by our Ukrainian partners in these uncertain times,’ said Economy Minister Robert Habeck.
The Energy Support Fund is used to finance the purchase of spare parts and equipment needed to rebuild Ukraine's energy infrastructure. Procurement is carried out through an external Energy Community agency that organises tenders and controls the distribution of funds. This enables Ukrainian energy companies to rebuild damaged networks and power plants.
Germany also allocates part of its funding to strengthen the resilience of Ukraine's energy system. In particular, the funds support green energy transition projects that promote the further development of decentralised energy.
As The Gaze previously reported, Norway has allocated almost €90 million to finance gas imports to Ukraine to ensure stable gas supplies for households, businesses and industry.
In addition, the Government of Canada has contributed €33.4 million to the Ukraine Energy Support Fund.