Germany to allocate over €24 million to restore Ukraine's energy infrastructure
The German KfW Development Bank will provide over EUR24 million for the restoration and improvement of the resilience of energy infrastructure in regions of Ukraine. Source: Embassy of Germany in Ukraine on Twitter (X). Quote: "Germany continues to support the restoration and strengthening of energy infrastructure in Ukrainian regions affected by Russian attacks.
Advertisement:Yesterday, Ukrenergo, Ukraine's national energy company, and KfW signed a loan agreement for EUR24 million and a grant agreement for EUR0.5 million to finance the project," the message reads.
It became known in December that the German government allocated another EUR88.5 million to the Energy Support Fund for Ukraine under the European Energy Community. Thus, Germany's total contribution to the Energy Support Fund amounted to EUR218 million. Berlin remains its largest donor, having collected about EUR400 million since February 2022.
The European Energy Community organises tenders to purchase goods and controls the use of these funds.
Background:
- Earlier, the federal government of Germany started the implementation of another aid package to Ukraine for EUR6.1 million, which includes generators, heaters and tents.
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