Ireland contributes an additional 25 million euros to Ukraine’s Energy Support Fund

The Ministry of Energy reported that the Republic of Ireland has transferred an additional 25 million euros to the Ukraine Energy Support Fund. Ireland’s total contribution to the fund now stands at 52 million euros.

Contribution amount and total sum

The additional contribution of 25 million euros raises Ireland’s total support to 52 million euros. The statement did not specify the exact date the funds were transferred.

flags of Ireland and Ukraine on a table

The Energy Support Fund pools grant and donor contributions to finance repairs and equipment purchases. The press release also mentions previous grant inflows to the fund in October.

Where the funds will be directed

According to the statement, the Fund is used to procure equipment for repairs, the restoration of damaged facilities and the expansion of generation capacity. The money is used to restore power supplies after damage to infrastructure.

equipment for energy repairs on site

“We thank Ireland for supporting Ukraine’s energy sector during this difficult period. The Fund is an efficient and transparent instrument for supporting Ukraine’s energy sector. Through it we procure equipment for repairs, the restoration of damaged facilities and the expansion of generation capacity. In this way the support of our partners helps us to repeatedly restore power after Russian attacks and return electricity to the homes of millions of Ukrainian families, to schools, hospitals and enterprises,” emphasised the First Deputy Prime Minister of Ukraine - Minister of Energy Denys Shmyhal.

Action plan for the winter period

President Volodymyr Zelensky announced the preparation of an action plan for the winter period during a press conference in Copenhagen: said President Volodymyr Zelensky.

“We have prepared a plan to get through the winter. It covers energy, diesel, strengthening our bridges, and also how to help people who will have problems with electricity,” the president said. Zelensky did not provide details of the prepared plan.

Iryna Pavlova

Iryna Pavlova

Deputy Editor-in-Chief

Deputy Editor-in-Chief of Concord Fintech. She runs the news feed: choosing topics, fact-checking and preparing stories on the economy, business and government decisions that affect Ukrainians' money. She makes sure every story has a verified primary source.

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