Some 3 GW of damaged generation to be restored in Ukraine by year-end, in addition to 4 GW in 2024 – updated memo with IMF
The Ukrainian power system plans to restore 3 GW of generating capacity damaged by Russian attacks by the end of this year, according to a document updated based on the seventh review of the Extended Fund Facility (EFF) for Ukraine, published on the website of the International Monetary Fund (IMF).
"Overall, we succeeded in repairing 4GW of energy capacity in 2024 with another 3GW of repairs planned for 2025. In addition, over 0.8GW of new power generation was commissioned and connected to the energy grid in 2024, with 0.9GW of distributed gas-fired generation planned in 2025," reads the report.
"Our immediate priority remains to mitigate the adverse impact of the war on the energy sector. We have continued implementing our multi-pronged approach to deal with the energy crisis, with donor coordination taking place through the Ukraine Donor Platform (UDP) and the G7+ energy group," it said.
"We continue to work swiftly to repair damage to our generating capacity, and to ensure sufficient electricity provision to households and firms, including for the next heating season. We aim to make our energy system more resilient to future attacks, such as through decentralized energy generation, including gas turbines, and the Green Transformation in a conducive market and regulatory environment with an independent energy regulator," according to the document.
"Affected companies are mostly relying on their working capital to repair and restore energy facilities, while we are grateful for continuing donor support, including for equipment. We need additional financial assistance by donors to support repairs, as well as decentralized electricity generation support programs, including gas generation projects," it reads.