WB to allocate $500 million for Ukraine's power grid

The World Bank (WB) plans to allocate $500 million to ensure the sustainability of the Ukrainian power grid during the winter heating period.

Report informs citing Ukraine's Ministry of Energy that the funds will be used to purchase equipment for heating services and equipment for electricity transmission infrastructure.

Earlier, Ukraine Energy Minister Herman Halushchenko said that the country recorded 271 strikes on energy facilities, some of which cannot be restored.

Prior to this, the ministry reported that more than 300 settlements in nine regions of the country were left without electricity due to thunderstorms.