The European Investment Bank (EIB) is providing €350,000 in technical assistance to Ukraine’s state-owned electricity producer Centrenergo to support the development of a long-term decarbonisation strategy. The initiative is part of the EIB’s “Energy Rescue Plan for Ukraine” and aims to guide the country’s energy sector recovery while aligning it with cleaner and more sustainable energy solutions.
Centrenergo’s power infrastructure has been severely damaged due to Russia’s invasion, with all major power plants destroyed or disabled, leaving the company without generation capacity. The technical assistance will help assess the damage and design a phased roadmap to restore electricity production while transitioning away from coal toward low- and near-zero emission energy sources.
The strategy will also support Ukraine’s broader National Energy and Climate Plan and is being implemented in response to a request from the country’s Ministry of Energy. It focuses on rebuilding the power system in a more resilient, modern, and climate-friendly way while attracting future international investment into the sector.
Ukrainian officials and company leadership have welcomed the initiative, highlighting its importance for restoring energy security and accelerating the adoption of carbon-neutral technologies. They emphasized that rebuilding efforts should not only restore lost capacity but also create a stronger foundation for a cleaner and more reliable energy system.
The EIB, which has significantly increased its support for Ukraine since 2022, continues to play a key role in financing recovery and modernization efforts. Through its EU for Ukraine advisory programme, the bank is working with international partners to strengthen Ukraine’s energy resilience and support its long-term transition toward sustainable energy infrastructure.
