Ukraine's energy minister, World Bank managing director discuss priority energy cooperation programs
Ukraine's First Deputy Prime Minister and Minister of Energy Denys Shmyhal discussed priority cooperation programs in the energy sector with Anna Bjerde, the World Bank's Managing Director of Operations, at a meeting in New York.
Ukraine's Energy Minister, Mykhailo Shmyhal, held discussions with World Bank Managing Director, Kristalina Georgieva, regarding priority energy cooperation programs. Shmyhal expressed gratitude for the World Bank's support in updating Ukraine's Energy Strategy. The partnership focuses on financing for projects aimed at enhancing power transmission system resilience and emergency recovery capabilities, namely Re-PoWER and STATCOM.
Shmyhal also highlighted the importance of attracting private investment to Ukraine's energy sector and implementing the CIF Renewable Energy Integration Program. To date, joint projects with the World Bank have totaled approximately $800.4 million. Shmyhal thanked Georgieva for her consistent support and willingness to deepen cooperation.
During a separate meeting with UNDP Administrator Alexander De Croo, Shmyhal discussed Ukraine's critical energy needs ahead of winter and agreed on additional joint steps to address them.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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