"The funds for this project are provided by the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund, with additional funding of up to USD 300 million envisaged to come from partners through grants and other contributions as the project expands its scope," the World Bank said in a statement on Wednesday.
It added that "the Restoration Project of Winterization and Energy Resources will support emergency repairs to the electricity transmission and heating infrastructure by urgently procuring critical equipment."
Emergency electricity equipment includes "autotransformers, transmission transformers, switchgears and circuit breakers, relay protection devices and other equipment," according to the statement.
Meanwhile, emergency equipment for the heating infrastructure includes "mobile heat-only boilers, mobile mini cogeneration units, as well as other equipment and parts to repair district heating networks," the World Bank said.
The bank's Managing Director of Operations, Anna Bjerde, said that Russia’s invasion of Ukraine, now in its second year, "continues to have devastating economic and humanitarian consequences."
She added that Ukraine's energy infrastructure "has suffered USD 11 billion in damages over the last year" and "is one of the most critical areas where Ukraine needs urgent support."
Wednesday is day 413 of Russia’s war on Ukraine.
(gs)
Source: PAP, worldbank.org
