Ukraine needs at least $1.5B this year to rebuild its damaged power plants

This year, Ukraine will need at least $1.5 billion in 2024 to rebuild its damaged power plants, chief executive of Ukrenergo company Volodymyr Kudrytskyi said, Report informs referring to TASS.

"In fact, estimates vary. Speaking about 2024, I think the figure may be $1.5 billion or even more, and this is not an overestimation. I’m talking about the existing power generation capacities that need to be restored," he said in a video, posted on a YouTube channel of the Ukrainska Pravda publisher.

According to Kudrytskyi, nearly half of Ukraine’s power generation capacities has been either damaged or destroyed.

According to Ukrainian Energy Minister Herman Halushchenko, the country is in the midst of an energy crisis. In his turn, Mykhailo Podolyak, adviser to the head of the Ukrainian presidential office, specified that the Kanivska HPP, the Dnipro Hydroelectric Station and the Zmiivska TPP had been damaged. The Energy Ministry reported the complete destruction of the Trypilska TPP, the largest power-generating facility in the Kyiv Region. According to Ukrainian Foreign Minister Dmytro Kuleba, over half of the country's entire energy system has been damaged.