New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

World

Ukraine’s energy supply faces ‘sternest test yet’ as war grinds toward third winter

by admin September 19, 2024
September 19, 2024
Ukraine’s energy supply faces ‘sternest test yet’ as war grinds toward third winter

Ukraine’s electricity supply risks “severe disruptions” this winter, the International Energy Agency (IEA) has warned, urging Kyiv’s allies to help address the country’s energy security.

Russia has repeatedly attacked Ukraine’s energy infrastructure with missiles and drones since its full-scale invasion in February 2022, but its bombardments have intensified recently, leaving the country in a precarious position as colder weather approaches.

“Ukraine’s energy system has made it through the past two winters thanks to the resilience, courage and ingenuity of its people and strong solidarity from its international partners,” IEA executive director Fatih Birol said in a statement Thursday.

“But this winter will be, by far, its sternest test yet.”

Last month, Russia launched one of its largest aerial attacks on Ukraine since the start of the war, firing more than 200 missiles and drones mainly at energy infrastructure. The onslaught caused power outages in several Ukrainian cities, affecting millions of households. Ukraine has also attacked Russia’s energy infrastructure.

Even before that attack by Moscow, more than two-thirds of Ukraine’s pre-war power generation capacity was offline because it had been destroyed, damaged or occupied by Russian forces, the IEA said in a report.

That has made rolling blackouts, which can also affect water supply, a feature of daily life in Ukraine.

“The situation could become even more dire as the days get shorter and colder,” the agency cautioned. “A yawning gap between available electricity supply and peak demand risks emerging — bringing the threat of even more severe disruptions to hospitals, schools and other key institutions in the depths of winter.”

The IEA estimates that Ukraine’s electricity supply shortfall could reach as much as 6 gigawatts this winter, or almost a third of expected peak demand and equivalent to the peak annual demand of Denmark, for example.

In its report, the agency outlines 10 measures that Ukraine and its allies should implement to tackle risks to the country’s energy supply. These include bolstering the physical and cyber security of critical energy infrastructure, expediting delivery of equipment and spare parts for repairs, investing in energy efficiency and increasing the capacity to import electricity and natural gas from the European Union.

But, according to the report, effective air defense is “by far the most important” measure to safeguard the minimum level of energy services in Ukraine through the coming months.

Help from frozen Russian assets

To help Ukraine through the upcoming winter, the EU will disburse €160 million ($179 million) — including €60 million ($67 million) in humanitarian aid for shelters and heaters, and €100 million ($112 million) for repair works and renewable energy, with the larger amount flowing from the proceeds of frozen Russian assets.

“It is only right that Russia pays for the destruction it caused,” European Commission President Ursula von der Leyen told reporters Thursday. She also noted that the EU had contributed at least €2 billion ($2.2 billion) toward Ukraine’s energy system since Russia’s full-scale invasion began.

Work currently underway to repair Ukraine’s energy infrastructure and connect its electricity grid to the rest of Europe will cover more than 25% of the country’s energy needs this winter, according to the president of the EU’s executive arm.

In one example of such efforts, a thermal power plant in Lithuania is being dismantled and shipped to Ukraine where it will be reassembled. The EU has also dispatched solar panels to 21 hospitals in the country, eight of which will be “fully equipped” by the winter, she said.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
With little prospect for a deal, Israel floats Sinwar exile proposal to Biden
next post
Thai woman freed after hours of being strangled by a python

Related Posts

Blinken meets China’s top diplomat in Laos as...

July 27, 2024

China celebrates historic Olympic gold medal tie with...

August 12, 2024

Scientists locate origin of the sun’s magnetic field

May 26, 2024

North Korea to mass produce self-detonating explosive drones,...

November 15, 2024

A boy with a loaded shotgun boarded a...

March 8, 2025

China’s Xi Jinping is visiting Europe for the...

May 5, 2024

A tale of two Syrians: One finally made...

December 20, 2024

Israel wants to change the balance of power...

September 30, 2024

Far-right Israeli ministers urge Netanyahu not to accept...

May 2, 2024

‘Death and hunger’: Videos, expert analysis and witnesses...

June 5, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • White House reveals highest-paid staffers–and 8 taking no salaries

      July 3, 2025
    • Trump $3.3T megabill sets House record for longest vote in history

      July 3, 2025
    • Iran nuclear program set back 2 years after US strikes: Pentagon

      July 3, 2025
    • Airlines secretly sold US travelers’ data to Homeland Security

      July 3, 2025
    • White House reveals highest-paid staffers – and 8 taking no salaries

      July 3, 2025
    • Jeffries stalls Trump’s ‘big, beautiful bill’ for hours after House GOP mutiny breakthrough

      July 3, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 3

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,397)
    • Investing (3,435)
    • Politics (4,507)
    • World (4,410)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved