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28 Jan, 2025 12:38

Ukrainian energy infrastructure on verge of collapse – Forbes

Kiev’s power grid is reportedly “on its knees” following recent Russian strikes, and will cost billions of dollars to repair
Ukrainian energy infrastructure on verge of collapse – Forbes

Ukraine’s energy infrastructure is reportedly nearing collapse following sustained Russian attacks, according to a report by Forbes on Monday.

The article by energy analyst Gaurav Sharma suggested that the country’s power grid has suffered severe damage and will require billions of dollars to repair.    

Russia has been targeting Ukraine’s energy infrastructure since October 2022, shortly after the bombing of the Crimean Bridge, for which Kiev claimed responsibility.     

Moscow has since conducted a number of large-scale strikes on the country’s power grid with the aim of crippling Kiev’s military-industrial complex, according to the Russian Defense Ministry, which has maintained that its strikes are not directed at civilians.   

In early 2024, Moscow also added Ukrainian power plants to its list of legitimate military targets as a response to Kiev’s continued drone incursions in Russian territory, which have targeted Russian energy infrastructure as well as residential areas.

In its latest article on the state of Ukraine’s energy system, Forbes specifically highlighted a large-scale attack that Russia carried out on December 25. It involved more than 170 missile and drone strikes, causing extensive damage to Ukraine’s energy infrastructure. Sharma described the attack as a major blow to the grid, which had already been weakened by previous strikes.  

It is believed that Ukraine’s power capacity had already been cut in half due to Russia’s continued attacks by the beginning of 2024. Some 6GW of capacity was also lost after Moscow took over the Zaporozhye nuclear power plant at the beginning of the conflict. In subsequent attacks in March and May 2024, Kiev is believed to have lost another 9GW of power generation capacity. 

According to the International Energy Agency and the Office of the UN Human Rights Commissioner, Ukraine now has just one-third or less of its pre-war capacity.

Forbes noted that, while Kiev has not officially confirmed that its power systems are “on their knees,” it is “hard” to draw any other conclusion. 

The outlet added that, while efforts to repair the damage are ongoing, the scale of destruction has made full restoration difficult and costly. 

According to Forbes, citing sources in Kiev, the cost of the damage to Ukraine’s power infrastructure is thought to be in the region of $15 billion to $20 billion. This, coupled with the Ukrainian energy industry’s financial losses, means the total cost of reconstruction could reach $70 billion, according to the outlet.

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