April 13, 2023 Doris J. Tremaine
The World Bank has announced it will provide Ukraine with an additional $200 million to restore the country’s energy infrastructure. This grant is part of a larger effort to help the country rebuild its energy sector and create a more sustainable energy system.
The grant will be used to finance the construction of new power plants, upgrade existing infrastructure, and improve energy efficiency. The funds will also be used to develop renewable energy sources, such as solar and wind power. The World Bank is also providing technical assistance to help Ukraine develop a more efficient energy sector.
The grant is a major boost for Ukraine’s energy sector, which has been struggling in recent years. The additional funds will help the country improve its energy infrastructure and reduce its dependence on imported energy sources. The grant is also expected to create jobs and spur economic growth in the region.
The World Bank’s grant is a sign of its commitment to helping Ukraine rebuild its energy sector. The grant is a major step forward in the country’s efforts to create a more sustainable energy system.