Ukraine Will Need $350 Million to Rebuild Damaged Power Systems

The Ukrainian energy company DTEK announced it will need $350 million to rebuild its damaged and destroyed thermal power plants potential. DTEK’s Executive Director, Dmytro Sakharuk, said that during an event on rebuilding Ukraine. He added that electricity shortages are currently expected during peak periods in summer and winter.

“We have six power plants. We will not rebuild one of them yet, because it is close to the front line and there is constant shelling. In addition, the only way to supply coal there has been destroyed,” Sakharuk said.

The caused damages are estimated at around $250 million, and $100 million is needed for the repair work. For comparison, the company suffered less damage last year and spent $110 million to recover from the 2022 winter bombings. Last year, the costs were covered by the company’s funds, but now DTEK is considering different ways of attracting funds. For example, obtaining parts and components from European energy facilities, and negotiations are currently underway with the governments of Germany, Romania, Bulgaria, Greece, and Lithuania.

After the massive attacks on March 22 and 29, DTEK energy company has lost 80% of its energy generation capabilities. DTEK stated: “5 out of 6 of our thermal power stations were severely damaged. The situation is incredibly difficult…”;

Russia intensified its attacks on the Ukrainian infrastructure during the spring of 2024. On April 11, Russia destroyed the Trypilska Thermal Power Plant, which was the biggest electricity provider in Kyiv, Cherkasy, and Zhytomyr Regions.