21 Mar 2023 15:43

Ukraine Energy Support Fund to finance gas compressor station reconstruction

MOSCOW. March 21 (Interfax) - The Ukraine Energy Support Fund set up under the Energy Community Secretariat will provide support to the Gas Transport System Operator of Ukraine (GTSOU) in finalizing the reconstruction of a critical gas infrastructure element.

"This is a project on which the company has worked for years," Ukrainian media quoted CTSOU Chief Engineer Yuriy Zyabchenko as saying in a statement published on the company's website.

"Our long-lasting and successful cooperation with the Energy Community has enabled us to find solutions in the new conditions," he said.

The project is being financed from the German Foreign Office's special 2-million-euro grant, and the project's finalization will begin in the near future, the GTSOU said.

Energy Community Secretariat Director Artur Lorkowski thanked the German Foreign Office for supporting this project complementing work being done by the Energy Community Support Fund, "which currently finalizes the procurement for equipment and fuel for over 100 million euros and helps maintaining stable supply of electricity, gas and heat in Ukraine."