World Bank to help finance Ukrainian energy infrastructure repairs

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Energy infrastructure is identified as one of the most critical areas where Ukraine needs urgent support.

WASHINGTON, USA – The World Bank said on Wednesday, April 12, it would finance $200 million to help fix Ukraine’s energy and heating infrastructure, with partners and others to provide another $300 million as the project expands.

where Ukraine needs urgent support, said Anna Bjerde, World Bank’s managing director of operations, on Wednesday. Most power plants have since connected back to the grid. However, significant damage to transmission substations still constrain their output, leading to scheduled load shedding and outages in most regions, the World Bank added.

The strikes caused sweeping power outages for civilians and industries, forcing workers to work overtime to repair the grid.

 

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