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Denmark allocates $ 5.8 million to restore Ukraine’s power grid

Financial help goes to the Energy Support Fund for Ukraine, to which Denmark has contributed around $11,9 million over the past two years.
Denmark Ukraine
Ukraine’s Minister of Energy Herman Halushchenko with Danish Minister of Energy Lars Aagaard in Kyiv 8 April 2024. Credit: Lars Aagaard via X
Denmark allocates $ 5.8 million to restore Ukraine’s power grid

The Danish government announced the allocation of 40 million Danish kroner (about $5.8 million) to the Energy Support Fund for Ukraine, the Danish Ministry of Foreign Affairs reported.

Russia has intensified attacks on Ukraine’s energy infrastructure recently. On 22 March, during a large-scale attack on Ukrainian energy facilities, Russia struck the largest hydroelectric power station in Ukraine – the Dnipro Hydroelectric Station in Zaporizhzhia. According to the Prime Minister of Ukraine, Denys Shmyhal, 80% of Ukraine’s thermal power generation has been destroyed due to Russia’s massive missile attacks in recent weeks.

“Thanks to the new contribution of 40 million Danish kroner, Denmark is helping to ensure the electricity supply – and thus access to water and heat for the population during the next winter,” the statement reads.

Ukraine’s press service of the Ministry of Energy also confirmed the information following the meeting of the relevant Minister, Herman Halushchenko, with Lars Aagaard, Danish Minister of Climate, Energy and Utilities, who arrived in Kyiv on an official visit on 8 April.

“We thank Denmark for this leadership and your example, which other countries later followed. The Fund is now an effective mechanism for assisting the energy sector, through which equipment is procured for restoration and repairs. This enhances the resilience of our energy system,” Halushchenko said.

Over the past two years, Denmark has contributed around $11,9 million to the Energy Support Fund for Ukraine.

The Fund was established in April 2022. It has accumulated over $439 million from partners and has become an instrument for assisting energy companies after the Russian attacks.

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