World Bank to Provide Up to $40 Million to Restore Ukraine’s Energy System After Russian Strikes

Ukraine’s energy system will receive up to $40 million in additional grant funding from the World Bank to support restoration efforts, Minister of Defense of Ukraine Denys Shmyhal wrote in a post on X, following a conversation with Anna Bjerde, Managing Director of Operations at the World Bank Group on February 2.

According to Shmyhal, the funds will be allocated to Ukraine’s transmission system operator Ukrenergo to procure critical equipment needed to restore and strengthen energy infrastructure damaged by Russian attacks.

The recent Russian overnight assault against Ukrainian energy infrastructure unfolded in waves, beginning with Shahed-type attack drones and ballistic missiles, followed by cruise missiles launched from the sea and from strategic bombers.

The strikes focused on combined heat and power plants (CHPs) and thermal power stations (TPPs) that were operating primarily to keep cities warm.

This attack came just ahead of the arrival of NATO Secretary General Mark Rutte, underscoring Moscow’s continued targeting of civilian infrastructure amid diplomatic engagement.

“I thanked the World Bank Group for its consistent support for Ukraine, in particular for our energy system. We continue working together to strengthen Ukraine’s energy system,” Shmyhal wrote.

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Shmyhal also reported continued large-scale international assistance beyond World Bank support. Over the past week alone, Ukraine received more than 38 tonnes of energy equipment from Switzerland, Germany, Denmark, Austria, and Slovakia.

Additional shipments—including generators, transformers, cogeneration units, and other equipment—are en route from EU countries, Lithuania, Austria, Poland, Finland, France, Azerbaijan, the Netherlands, as well as from UNDP and UNICEF/WASH, Shmyhal wrote in a Telegram post.

Nearly 342 tonnes of energy-related aid have already been distributed from the Energy Ministry’s logistics hubs to electricity distribution operators, heat and power generation companies, oil and gas enterprises, and local authorities, Shmyhal said, as Ukraine works to stabilize its energy system amid ongoing Russian strikes.

Previously, it was reported that an Angolan businessman had donated 75 electric generators to support Ukraine.

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