DiXi GroupPublications2026Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review
Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review
01.09.2026
August 24 – 30
According to estimates by the KSE Institute, as of February 2026, Ukraine’s direct losses from the full-scale invasion of Russia had reached USD 197.5 billion, an increase of 16% compared to November 2024. Losses in the energy sector rose by 25% (USD 18.3 billion) primarily due to systematic Russian attacks on electricity generation facilities, power grids, and other critical infrastructure. The electricity sector suffered the greatest losses: generation—USD 14.6 billion; transmission – USD 2.3 billion; and distribution – USD 0.9 billion.
As of August 29, the Zaporizhzhia Nuclear Power Plant (ZNPP) has been without an external power supply for over a week following the loss of the 330-kV “Feroplavna-1” transmission line and is operating on emergency diesel generators, whose fuel reserves, according to the plant’s occupation administration, will last approximately 10 days.
The Cabinet of Ministers has updated the terms of the state guarantee for Ukrenergo’s USD 825 million sustainable development bonds in connection with a debt management operation that involves their partial buyback or exchange for new securities using the DFC political risk insurance mechanism.
As of August 20, “Guaranteed Buyer” had settled 83% of 2026 payments to renewable energy producers under feed-in tariff, paying UAH 24.38 billion, while Ukrenergo’s debt to the company stands at UAH 14.85 billion, of which UAH 3.57 billion is debt for January–July 2026.
The Polish group Mosty plans to build the 900-MW Pivdennodnistrovska Wind Farm in the Odesa region, consisting of 130-150 wind turbines and expected to generate approximately 3,150 GWh per year; the project is currently undergoing an environmental impact assessment.
In the second quarter of 2026, households paid UAH 67.1 billion for housing and utility services, while bills totaled UAH 53.5 billion; total arrears as of the end of June stood at UAH 104.2 billion, with the largest amounts owed for heat and hot water (33.8 billion UAH) and gas (UAH 29.1 billion).
The Cabinet of Ministers allocated an additional UAH 1 billion to communities in 16 regions for the implementation of critical and social infrastructure restoration projects with the support of the EIB, bringing the total number of approved projects to 163.