Russian War Against Ukraine: Energy Dimension (daily updating DiXi Group alert)
March 23
Summary
— Reconstruction and recovery needs, as of February, are about 411 billion USD – so the World Bank’s new Rapid Damage and Needs Assessment. As compared to the June 2022 assessment, in the energy sector, the losses increased more than 5 times.
— In war conditions, coal mines cannot function properly, suspended operation of some companies means total losses of over 300 million USD, said the Deputy Minister of Energy Yaroslav Demchenkov. He stressed Ukraine needs support from partners in closing down coal mines and switching CHPs and TPPs to alternative fuels.
— Meanwhile, the Chervonohrad microregion became a pilot one within the Supporting Structural Change in Ukraine’s Coal Regions project, which was launched in the Lviv region. The project will include, inter alia, the development of a communication strategy for coal transition, support for green recovery, and modernization of the energy system.
— Over the past six months, thermal power plants alone of DTEK Energy have been attacked by the enemy 29 times, more than 1,000 units of equipment have been damaged. Direct losses from damage and destruction of equipment are approaching 6 billion UAH.
— The Ministries of Energy and Healthcare are launching the Ray of Hope project to equip hospitals with solar panels received as aid from the European Commission. At the first stage, Ukraine will receive 5,700 solar panels (350 W each) with a total capacity of about 2 MW. The panels will be installed together with hybrid inverters and battery units.
— As reported, a pilot project to install solar panels has already been implemented in the outpatient clinic in the village of Horenka, Bucha district (Kyiv region): 12 kW of solar panels cover up to 60% of the facility’s electricity needs.
— The President Volodymyr Zelenskyi signed a law on the development of charging stations for electric vehicles
— The Advantage Ukraine investment platform, operating in partnership with the Ministry of Economy, has prepared and submitted the first investment projects to the U.S. International Development Finance Corporation (DFC) for financing and war risk insurance. Also, several projects at an early stage of development, including those in the energy sector, should be submitted to the DFC soon.
— Ukrposhta will reduce the number of offices where incandescent lamps can be exchanged for LED lamps due to a decrease in demand. So far, about 3 million Ukrainians have taken advantage of the program and exchanged about 14 million lamps.
