DTEK Group, Ukraine's largest private energy investor, has received $112 million (€106.6 million) in aid from the United States and the European Commission to repair facilities damaged by Russian missile and drone attacks and to prepare power plants for the winter.

The European Commission is contributing €62.8 million for materials and equipment to restore 1.8 GW of generating capacity and protect power plant infrastructure against harsh winter conditions. The US government is allocating $46.1 million for control systems and dozens of transformers critical to maintaining power supply.

Since March 2024, Russian attacks have severely impacted Ukraine's energy sector, destroying 90% of DTEK’s generating capacity. However, the company has already restored over half of the lost capacity. DTEK CEO Maxim Timchenko highlighted the unprecedented challenges posed by ongoing attacks, crediting international aid with supporting the restoration of essential energy infrastructure.

“This aid recognizes DTEK’s critical role in powering Ukraine and underscores our relentless efforts to restore capacity amidst Russia’s energy terrorism,” Timchenko said.

The funds will enable DTEK to strengthen grid resilience during the 2024-2025 winter season, but uncertainties remain, with risks from new attacks, weather conditions, and infrastructure recovery dynamics.

Source: gmk.center