The World Bank will give $200m in grant financing to help Ukraine repair the energy infrastructure Russia has destroyed in its invasion.
The money will pay for critical equipment needed to restore transmission and heating infrastructure.
Transmission equipment includes autotransformers, transmission transformers, switchgears and circuit breakers, and relay protection devices.
For heating, equipment includes mobile heat-only boilers, mobile mini cogeneration units, and parts to repair district heating networks.
“Now in its second year, Russia’s invasion of Ukraine continues to have devastating economic and humanitarian consequences,” said World Bank managing director of operations, Anna Bjerde.
She said Ukraine’s energy infrastructure had suffered $11bn in damages over the last year. More than 50% of Ukraine’s power infrastructure was damaged, resulting in power outages across the country and contributing to shortages of food, heating, and water.
The overall cost of rebuilding Ukraine has risen to $411bn, according to an assessment published last month by the bank, the government of Ukraine, the European Commission, and the UN.
That figure covers the one-year period from when Russia launched its invasion on February 24, 2022.
To date, the World Bank has mobilised more than $23bn in emergency financing for Ukraine, including commitments and pledges from donors.
Its “Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund” coordinates grant financing, with contributions from Austria, Canada, Iceland, Japan, Lithuania, the Netherlands, Norway, Sweden, Switzerland.