Energy infrastructure is identified as one of the most critical areas where Ukraine needs urgent support.
WASHINGTON, USA – The World Bank said on Wednesday, April 12, it would finance $200 million to help fix Ukraine’s energy and heating infrastructure, with partners and others to provide another $300 million as the project expands.
where Ukraine needs urgent support, said Anna Bjerde, World Bank’s managing director of operations, on Wednesday. Most power plants have since connected back to the grid. However, significant damage to transmission substations still constrain their output, leading to scheduled load shedding and outages in most regions, the World Bank added.
The strikes caused sweeping power outages for civilians and industries, forcing workers to work overtime to repair the grid.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank pledges $200M to repair Ukraine energy infrastructureThe World Bank announced on Wednesday a grant of $200 million toward repairing Ukraine&39;s energy infrastructure, as officials from the war-torn country met with financial institution leaders in Washington.
Read more »
World Bank chief says Western European countries need to help fund Ukraine reconstructionThe World Bank is ready to do its part in rebuilding Ukraine after the devastation of Russia&39;s invasion, but international financial institutions cannot shoulder the sums involved alone and Western European countries will have to chip in, World Bank president David Malpass said on Tuesday.
Read more »
Yellen pushes for ‘bold action,’ more reforms at World Bank this yearU.S. Treasury Secretary Janet Yellen called for the World Bank to implement further reforms this year to expand its ability to help developing countries meet global challenges such as climate change.
Read more »
Ukraine resumes electricity exports despite attacks on power stations | Samya Kullab / The Associated PressKYIV, Ukraine—Ukraine began resuming electricity exports to European countries on Tuesday, its energy minister said, a dramatic turnaround from six months ago when fierce Russian bombardment of power stations plunged much of the country into darkness in a bid to demoralize the population. The announcement by Energy Minister Herman Halushchenko…
Read more »
Johnny Depp 'excited for comeback' while Amber Heard has 'new energy' a year after trialJohnnyDepp and AmberHeard are putting the past behind them. | via philstarlife
Read more »
SEVENTEEN embodies corporate slave energy in new set of photosThis is SEVENTEEN's most relatable concept photos yet! Look HERE:
Read more »