EBRD delegation to Ukraine
EBRD delegation to Ukraine
EBRD delegation to Ukraine
News summary

A senior delegation from the European Bank for Reconstruction and Development (EBRD), led by Vice President Matteo Patrone, visited Kyiv to discuss support for Ukraine's energy sector following extensive Russian attacks on power facilities. Since 2022, the EBRD has invested €4.6 billion in Ukraine, with over €1 billion allocated specifically to energy companies like Ukrenergo and Naftogaz. The EBRD has revised its 2024 investment plans to bolster Ukraine's energy security, launching the Energy Security Support Facility (ESSF) which aims to unlock up to €700 million for energy projects. In parallel, the United Nations Development Program (UNDP) has committed to assisting Ukraine's energy recovery efforts, focusing on distributed generation capacities and renewable energy. The Ukrainian Energy Ministry also emphasized the importance of accelerating projects to enhance the resilience of the energy system during winter. These initiatives reflect a broader international commitment to strengthen Ukraine's energy infrastructure amid ongoing challenges.

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