Friday, November 25, 2022

Repairs of Ukrainian energy system to cost hundreds of millions of dollars — minister

 Restoring the power infrastructure, damaged during the ongoing conflict in Ukraine, will require several hundred million dollars, the Financial Times cited Infrastructure Minister Alexander Kubrakov as saying.

The article, published on Thursday, does not contain a direct quote from the minister. It says that the Kiev government needs several hundred million dollars in aid in addition to the Ukrainian budget's funds to urgently fix the country's power system.

According to the report, Ukraine is facing the lack of equipment and materials for fixing Soviet-made elements of its power grid. The government is seeking spares from Poland and Lithuania and tries to ramp up domestic production, but it would take several months to assemble new units.

Ukraine issued an air raid warning on Wednesday, which lasted more than two hours. Reports of explosions and damage to infrastructure came from Dnepr, Kiev, Lvov, Nikolayev, Odessa, Kharkov and other cities. According to the Ukrainian Energy Ministry, all three Kiev-controlled nuclear power stations were cut off from electricity supply. Outages also affected most thermal and hydro power plants, while some electricity grid facilities sustained damage.

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