February 2, 2026
Shmyhal: The World Bank plans to provide Ukrenergo with $40 million to restore the energy system thumbnail
Ukraine News Today

Shmyhal: The World Bank plans to provide Ukrenergo with $40 million to restore the energy system

The World Bank plans to allocate up to $40 million to Ukrenergo for the purchase of equipment needed to restore the power system”, — write: www.radiosvoboda.org

First Deputy Prime Minister, Minister of Energy Denys Shmygal said that the World Bank plans to provide Ukrenergo with $40 million to restore the energy system. He announced this after a conversation with Anna Bjerde, managing director of the SB for operational activities.

“We agreed on further assistance: the World Bank plans to allocate up to $40 million to Ukrenergo for the purchase of equipment needed to restore the power system. We are working together to strengthen it,” Shmyhal wrote on the Kh network.

After this conversation, Anna Bjerde noted that “we are very happy to contribute to Ukraine in solving the emergency energy situation.”

The World Bank has announced that it is providing $40 million in grant funding to the URTF to support four STATCOMs (power electronic device) – critical equipment to strengthen grid stability and increase electricity imports from Europe.

At noon on January 31, the Ministry of Energy was informed about a system accident, as a result of which the high-voltage lines between the energy systems of Romania and Moldova, as well as between the western and central parts of Ukraine, were simultaneously disconnected.

In Ukraine, power outages were reported in a number of regions, as well as in Kyiv. In particular, due to an emergency shutdown, the metro stopped in the capital of Ukraine, and there was also no water supply.

In the evening of January 31, the Ministry of Energy announced that the energy industry had restored electricity supply in all regions of Ukraine.

On January 31, President Volodymyr Zelenskyi said that Ukrainian energy experts are investigating the causes of the technological accident in the energy system – there is no confirmation of external intervention or cyber attack. According to him, “there are more data that due to weather conditions the lines were iced, automatic disconnections occurred.”

In Ukraine, frost has set in again. It is expected that at the beginning of February, the frost will reach minus 30 degrees in some places.

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