Ukraine plans EIB-backed €275M project to protect substations

Shmyhal reported this in a T elegram post, according to Ukrinform. “One of our priorities is a new investment project for NPC Ukrenergo worth up to €275 million. It is designed to strengthen the resilience of critical substations,” Shmyhal said. They also discussed additional physical protection for energy infrastructure and coordinated efforts to secure financial support from the EIB, the EU, and international partners. Another key priority was ensuring the financial stability of the energy sector, particularly by reforming the electricity balancing market, Shmyhal said. “We are working on systemic solutions together with the EIB, the EBRD, and the European Commission,” he added.