EBRD Provides €180 Million to Strengthen Ukraine’s Energy Infrastructure
25.12.2024
The EBRD has committed €180 million to Ukrainian Railways to address power shortages caused by infrastructure damage. This initiative strengthens energy stability and supports economic recovery. This was reported by the railway transport news portal Railway Supply.
EBRD Supports Energy Resilience with Key Investments
EBRD’s funding will install 270 MW of decentralized gas-fired generators at Ukrainian Railways sites. These upgrades ensure stable power supply and enhance the country’s resilience against future disruptions.
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Additional funding includes a €12 million grant from the United Kingdom. Moreover, international donors provide €56 million, showcasing widespread support for Ukraine’s infrastructure improvements.
EBRD Partners with Ukrainian Railways for Sustainability
Sue Barrett, EBRD’s Head of Infrastructure, emphasized UZ’s critical role in Ukraine’s resilience. UZ’s 200,000-strong workforce will also benefit from grants promoting workforce development and stability.
The EBRD prioritizes long-term climate goals by supporting projects adaptable to renewable energy. These gas-fired generators can later balance power from wind and solar sources, promoting sustainability.
Ukrainian Railways operates 20,000 km of rail networks and contributes 2.34% to pre-war GDP. Its wartime operations are vital for transporting people and goods, reinforcing strategic importance.
Since 2022, the EBRD has invested over €5 billion in Ukraine’s energy security, infrastructure, and trade. This commitment highlights EBRD’s long-term support for Ukraine’s development and economic recovery.
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