March 23-29

  • As a result of Russia’s massive missile and drone attack on March 2324, energy infrastructure in several regions of Ukraine was damaged, causing power outages, the disconnection of the Zaporizhzhia NPP from a key power transmission line, and energy disruptions in Moldova, where a state of emergency was declared in the energy sector.
  • The government approved a decision to allocate over 9.2 billion UAH from the state budget’s reserve fund to protect critical infrastructure facilities as part of resilience plans for nonfrontline regions, of which 5.2 billion UAH will go to the State Agency for Recovery, nearly 3.5 billion UAH to regional military administrations, and 528.5 million UAH to the Ministry of Development, inter alia for Ukrzaliznytsia.
  • Communities are gradually suspending heat supply in light of weather conditions: heat supply has already been discontinued in the Mykolaiv and Kherson regions, as well as in the cities of Dnipro, Kryvyi Rih, and Berdychiv. In Kyiv, the shutdown of residential buildings has begun.
  • The Cabinet of Ministers adopted a resolution approving the location of a nuclear facility for the production of fuel assemblies in the Pivdennoukrainsk community of Mykolaiv region and recommending that ‘Energoatom’ ensure its design and
    construction.
  • During a meeting between Ukrainian Energy Minister Denys Shmyhal and U.S. Energy Secretary Chris Wright, discussions focused on securing a USD 1.4 billion loan from the DFC to modernize energy infrastructure, particularly gas production facilities.
  • The EBRD is building a portfolio of private renewable energy and energy storage projects totaling up to 1 GW by 2026, including ~570 MW of wind power plants, ~240 MW of solar generation, and ~230 MW of battery energy storage systems (BESS), and plans to support them this year through the RAMP UP initiative in partnership with the World Bank, aimed at stabilizing revenues from renewable energy sources; the first auctions under the initiative are scheduled for 2026.