World Bank to provide Ukraine with grant of $70 mln to strengthen energy system – Shmyhal
The World Bank will provide Ukraine with grant financing in the amount of $70 million to support the stability of the national energy system, the Telegram channel of Prime Minister of Ukraine Denys Shmyhal reported on Friday.
"The corresponding agreement was signed on Thursday in Washington with Managing Director of the World Bank Anna Bjerde," the message says.
The funds received will be used to purchase energy storage systems for the company Ukrhydroenergo. This will allow creating a reserve of electricity and strengthening the country's energy stability.
"We thank the World Bank and all partners for supporting Ukraine's energy sector, which has suffered significant damage as a result of Russian attacks," Shmyhal wrote.
Advertising
Advertising
MORE ABOUT
Shmyhal urges allies at Ramstein to fund weapons production: There is threat of losing edge in FPV drones on frontline
18:53, 09.09.2025
Ammunition manufacturers to receive up to UAH 150 mln for winning Brave1 grant competition – Defense Ministry
18:11, 05.09.2025
Defense Ministers of Ukraine, UK coordinate next steps in strengthening defense capabilities of both states
17:48, 03.09.2025
Shmyhal, Turkish Ambassador to Ukraine discuss cooperation, incl in building drones
16:19, 03.09.2025
Shmyhal, NATO Rep in Ukraine discuss long-term support for Ukraine, incl within PURL Program
16:18, 03.09.2025
LATEST
Ukrainians advised not to travel to Nepal, where mass protests continue – embassy
20:58, 09.09.2025
Consultations on Hungarian national minority rights to be held on Wed - Sybiha in his talk with Szijjarto
20:49, 09.09.2025
Prosecutor General on cooperation with Council of Europe: We to regulate collection of e-evidence, improve OSINT intelligence of war crimes
20:37, 09.09.2025
Enemy losses 299,000 soldiers since year start – Syrsky
20:35, 09.09.2025
Air defense of 3rd separate assault brigade shoots down more than 600 enemy UAVs in August