Ukraine: Keeping the lights on and houses warm during winter
Norway supports Ukraine in strengthening their energy security through the European Bank for Reconstruction and Development (EBRD). The EBRD in turn cooperates with the two state-owned energy companies Ukrenergo (electricity) and Naftogaz (gas) with a long-term perspective.
In 2023, the European Bank for Reconstruction and Development provided Ukrenergo a loan of 150 million Euros, with backing from Norway. The funding supports the continued functioning of the power transmission infrastructure and uninterrupted operations of Ukrainian electricity generators, including renewables. This helps provide power to Ukrainian households and is vital for Ukrainian energy independence.
The war in Ukraine has also severely damaged the Ukrainian gas production and processing facilities. Norwegian funds have enabled the European Bank for Reconstruction and Development to grant Naftogaz with a financing package of almost 700 million Euros. These funds help Naftogaz build up strategic gas reserves and procure natural gas for the winter to compensate for the loss of natural gas production.
Since February 2022 Norway has contributed with around 3,5 billion NOK to the European Bank for Reconstruction and Development’s Crisis Response Special Fund in support of Ukraine.
The article is based on press releases from the EBRD in relation to support packages to Ukrenergo and Naftogaz that Norway supports, as well as general information found on the EBRD website.
The results stories on the webpage of the Nansen Support Programme for Ukraine are based on texts produced and shared by the partners of the programme. The stories represent a snapshot of the results achieved to showcase the difference the Norwegian support is making.