Economy

Sweden allocates €63.8 million in additional aid for Ukraine’s energy sector

The Swedish International Development Agency (SIDA) has transferred 63.82 million euros to the Energy Support Fund of Ukraine.

This was reported by the press service of the Ministry of Energy, "Komersant Ukrainian" reports.

Now the total amount of SIDA’s contributions to the Fund is 203.08 million euros. An important component of these funds is a tranche of 44.68 million euros allocated to the Nuclear Safety Trust Account.

Where the funds were spent

Thanks to Swedish financial assistance, equipment was purchased for a project to develop distributed generation in one of the most energy-deficient regions of Ukraine.

SIDA funds also helped to purchase important equipment for NPC Ukrenergo and distribution system operators in Kherson, Zaporizhzhia, and Chernihiv regions.

A day earlier, Germany made a record one-time contribution of EUR 160.11 million to the Energy Support Fund of Ukraine.

Reading now

The Verkhovna Rada requires tools to control the supervisory boards of state-owned companies: their effectiveness is unknown

IAEA experts assess the consequences of Russian attacks on key substations of NPC Ukrenergo

The reverse effect: how the desire to reduce illegal schemes in business can provoke their increase

Can the war really end by the end of the year: analysis of insights and statements about peace