Page 107 - UKRRptJul24

for attracting guarantees and will be a long-term financial resource capable of financing the housing sector through mortgage programs, particularly eOselya. According to the head of the Ukrainian government, Denys Shmyhal, Ukraine signed an agreement with its partners at the Berlin conference to restore destroyed housing worth almost €260M.
Germany is the largest contributor to the Energy Support Fund of Ukraine, having provided about 50% of all accumulated funds. Germany will make a new contribution of €50M, increasing its contribution to the fund to more than €275M. This is the largest contribution to the fund, which has already accumulated more than €545M.
Russia's war has caused over $56 billion in damage to Ukraine's energy sector. Russia's full-scale invasion has inflicted $56.2 billion in damage to Ukraine's energy sector as of May 2024, according to the Kyiv School of Economics (KSE) report published on June 10.
Ukraine’s energy sector has lost $56B through the war. As a result of the Russian Federation’s full-scale invasion, Ukraine’s energy sector has suffered direct and indirect financial losses in the amount of $56.2B, while the cost of reconstruction, which involves the complete reconstruction of destroyed objects according to the principle of "better than it was," amounts to $50.5B, KSE calculates.
The energy sector’s direct losses amount to more than $16.1B, with the biggest losses sustained through the destruction of electricity generation facilities ($8.5B), main electricity transmission lines ($2.1B), as well as oil and gas infrastructure ($3.3B).
The energy sector’s indirect losses are estimated at almost $40.1B, with the main share of this amount coming from $39.6B in lost revenue for energy companies.
The cost for restoration of the electric system is estimated at $33.8B, including $29.3B for generation facilities. Another $4.6B is required to restore the electrical system’s transmission and distribution infrastructure. The cost to restore the oil and gas sector is $14.8B, and the district heating sector will cost $1.4B, excluding large CHPs.
EBRD to provide 1bn euros for Ukraine's battered energy infrastructure.The European Bank for Reconstruction and Development (EBRD) has pledged 1bn euros ($1.07bn) to assist Ukraine in repairing its damaged energy infrastructure, EBRD President Odile Renaud-Basso said on June 11.
Ukraine asks to increase imports of electricity from Europe to 2.3 GW – official
Ukraine appeals to European partners with a request to maximally facilitate the increase in electricity imports to 2.3 GW from 1.7 GW today, said First Deputy Prime Minister - Minister of Economy Yulia Svyrydenko
Ukraine plans to lease floating Turkish power plants to provide Odesa with 750 MW of generation capacity. Ukraine is negotiating with Turkey to place power plant ships in the key ports of Odesa and the Danube region to partially cover electricity shortages, said the head of the Odesa regional administration, Oleg Kiper. "Turkey has ships that produce 250 MW. We are
107 UKRAINE Country Report July 2024 www.intellinews.com