Ukraine Energy Support Fund in January 2024

After a significant number of contributions arriving at the Special Purpose Account at the end of 2023, the Ukraine Energy Support Fund continued to procure essential equipment mainly destined to the electricity and combined power generation sector. Items worth more than EUR 15 million have been procured with the largest share being various devices and pieces of equipment such as batteries, microprocessors, and an emergency co-generation unit (30%), followed by transformers (29%) and special purpose vehicles (25%). They aim at a swift restoration of the stable operation of the energy system of Ukraine after recurring attacks on the energy infrastructure.
 

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 405 million in pledges from inter alia Germany, European Union, Sweden, United States, Denmark, Great Britain, Switzerland, Austria, Spain, Belgium and Iceland.