Ukraine Energy Support Fund finances gas compressor station renovation

The Ukraine Energy Support Fund, created at the Energy Community Secretariat in cooperation with the Ministry of Energy of Ukraine, will provide support to the Ukrainian Gas TSO (GTSOU) in completing the renovation of a piece of critical gas infrastructure, informed the GTSOU press service as reported by Ukrinform.

The Ukraine Energy Support Fund will fund the renovation of a gas compressor station <…> “This is a project the company has been working on for years. But the war brought about changes. That’s why we needed extra support. Our long-lasting and successful cooperation with the Energy Community allowed us to come up with a solution under new circumstances. <…> This is an important example of cooperative efforts in enhancing energy security,” stated Yurii Ziabchenko, Chief Engineer at GTSOU.

The project is financed by a dedicated grant of EUR 2 million by the Foreign Office of Germany. The grant will be used for the procurement of works required for the completion of the facility, which is essential for meeting the needs of domestic consumers in Ukraine.

The representatives of GTSOU, in the presence of representatives of the Ministry of Energy of Ukraine and the Secretariat, entered into the agreement last Thursday.

“We must complete the renovation project because it will form a solid foundation for future post-war rehabilitation,” added Oleh Chertikhin, Production Support Director at GTSOU.

As it was previously reported, on March 15, the Government of Ukraine and the Energy Community Secretariat singed a Memorandum of Understanding on cooperation in rebuilding Ukraine’s energy sector.

The Memorandum provides for cooperation in preparing lawsuits in national and international courts, tribunals against Russia to claim fair compensation for damage to the Ukrainian energy infrastructure.

The Memorandum also provides for support of priority projects for the construction and reconstruction of Ukraine’s energy infrastructure in the context of its integration to the European energy networks.

ukrinform.ua