Sweden boosts Ukrainian energy security with over $60 million in aid

Sweden has approved an aid package for Ukrainian energy industry
Sweden has approved an aid package for Ukrainian energy industry

The Swedish government approved a new energy aid package for Ukraine totaling $61.6 million, the Swedish Foreign Affairs Ministry said on May 28.

This latest infusion of energy support will help ensure Ukraine's energy stability, vital for the continuous operation of essential social services such as schools, hospitals, transportation, water supply, and businesses, according to the statement.

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Ukraine is currently the largest bilateral recipient of Swedish aid, the report said. Funding for this new energy infrastructure support is drawn from the aid budget and managed on behalf of the Swedish government.

The Ministry's report outlines two key parts of the aid: 500 million Swedish kronor ($47.4 million) through the Energy Community's Ukraine Energy Support Fund and an additional 150 million Swedish kronor ($14.2 million) through the United Nations Development Program (UNDP).

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Sweden's support to Ukraine is "robust and long-term," said Johan Forssell, Sweden's International Development Cooperation Minister.

"Russia's increasing assaults on Ukraine's energy grid aim to disrupt critical public infrastructure," he said. "To enhance Ukraine's resilience, we're ramping up our assistance to the energy sector."

Ukraine's Trypilska Thermal Power Station in Kyiv Oblast was destroyed by the Russians on April 11. Energy facilities nationwide were targeted in several Russian missile and drone attacks.

Read also: Kyiv and 4 oblasts face energy limits again on May 27 as Ukraine's energy system recovers from Russian attacks

The Dnipro Hydroelectric Station lost both power plants. While the dam survived, the equipment was destroyed, and restoration of the Dnipro HPP may take years. In Kharkiv, the TEC-5 (combined heat and power plant) was destroyed. Its restoration is tantamount to building a new facility, which will also take several years. Kharkiv Oblast's Zmiyiv TPP (part of Centrenergo) was destroyed.

DTEK Group announced it lost 80% of its generation. All power units of the Burshtynska and Ladyzhynska TPPs were damaged. A gas storage facility in western Ukraine was also damaged.

Preliminary estimates suggest that the latest Russian attacks on the Ukrainian energy system caused losses of at least 90-100 million euros, including only the company's high-voltage equipment, said Ukrenergo head Volodymyr Kudrytskyi on March 24.

Controlled emergency power outages were introduced in all oblasts of Ukraine due to a significant shortage of electricity in the system, as previously reported on May 14.

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Read the original article on The New Voice of Ukraine