Ukraine needs nearly $91 billion over the next 10 years to rebuild its energy sector.
This was reported by Minister of Energy Denis Shmyhal with reference to the estimates of the World Bank, informs the portal PromPolitInform.
According to Shmyhal, the key areas for investment are energy storage systems (BESS), renewable energy, gas generation, the development of local networks, as well as gas production and oil and gas infrastructure.
“To implement such investments, Ukraine critically needs private capital,” he said.
Separately, he recalled that Ukraine is already negotiating with the United States to attract $1.4 billion in credit assistance for updating energy equipment, in particular in the field of gas production, and expanding cooperation with the American Eximbank.
As of March 18, the budget of the Strategic Reserve in the Energy Support Fund is 197 million euros.
Shmyhal also noted that Ukrainian companies expect to accumulate the necessary equipment by next winter.
Meanwhile, the Moldovan parliament has imposed a state of emergency due to the risk of power outages related to Russia’s attacks on Ukraine’s energy infrastructure.
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