2 Feb 2023 11:19

Ukraine Energy Support Fund raises 144 mln euros as of Feb 1 - Energy Ministry

MOSCOW. Feb 2 (Interfax) - The Ukraine Energy Support Fund, established by the Energy Community Secretariat, received 144.366 million euros as of February 1, 2023, Ukrainian media said on Wednesday, citing the website of the Energy Ministry.

"Of these funds, 108 million euros has been disbursed for the purchase of energy equipment, fuel, and services to meet the critical needs of Ukrainian energy companies," the Energy Ministry said.

The fund's donors include Germany, the United Kingdom, Spain, Austria, Denmark, the European Commission, Germany's KfW bank, and the Energy Regulators Regional Association (ERRA).

The Ukraine Energy Support Fund was established in April 2022 by the Energy Community Secretariat at the request of the European Commission and in coordination with Ukraine's Energy Ministry.

The fund enables governments, international financial institutions and private donors to provide emergency support to the Ukrainian energy sector.

The fund is managed by the Energy Community Secretariat. Procurement is conducted by an independent procurement agent, Tetra Tech ES Inc., acting as the implementing agent of the USAID Energy Security Project in Ukraine, under transparent and fast-track procedures.

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