Energy ministry: About $3.4B needed to make preparations for next heating season

The relevant statement was made by Ukrainian Energy Deputy Minister Farid Safarov during a nationwide telethon, an Ukrinform correspondent reports.

“Currently, about $3.4 billion is needed to make preparations for the 2023/2024 heating season, including $1.2 billion to purchase certain resources. The rest of the sum is what is needed to restore, first of all, power transmission lines (these are Ukrenergo’s lines), power distribution lines (these are mostly regional power companies), and rebuild power generating facilities. This refers to thermal power generation, green energy, pumped storage and hydro power plants. It is approximately $2.1 billion,” Safarov told.

In his words, this is the sum needed to prepare for the heating season alone. The total recovery cost of Ukraine’s energy system is much higher.